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News
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Armenian Orthodox Christmas Day – Thursday January 06, 2022:
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On the occasion of the Armenian Orthodox Christmas Day there will be no trading at the Beirut Stock Exchange on Thursday, January 06, 2022, trading will be resumed on Friday, January 07, 2022.
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New Year Holiday:
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On the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Thursday, December 30, 2021 and on Friday, December 31, 2021. Trading will be resumed on Monday, January 03, 2022.
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Christmas Eve – Friday December 24, 2021:
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On the occasion of Christmas Eve, there will be no trading at the Beirut Stock Exchange on Friday, December 24, 2021.
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Bank of Beirut SAL – Tuesday December 7, 2021:
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The Board of Directors of Bank of Beirut SAL invites shareholders to attend an Ordinary General Assembly, which will be convened exceptionally, according to the legally required quorum and majority, at 12:30 p.m. on Wednesday, December 15, 2021, at Mtayleb Country Club, Mtayleb, Matn, in order to discuss the following agenda: - To approve the decisions of the Board of Directors taken in its meeting held on November 24, 2011. - To approve the contracts for the sale of real estates and the contracts of cash contribution to capital signed between the Bank and a number of its shareholders. - To approve the authorization granted by the Board of Directors pursuant to the provisions of article 158 of the Code of Commerce relating to the contracts for the sale of real estates and the contracts of cash contribution to capital. – Other topics.
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Bank Audi SAL – Friday November 19, 2021:
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Bank Audi SAL announces that the unaudited Interim Financial Report as at,
and for the period ended, September 30, 2021 encompassing, among other things,
the Financial Statements and notes and a Management Discussion & Analysis can
now be downloaded from the Company’s website at
http://www.bankaudigroup.com or by
clicking on the following link:
Link The September 2021 Interim Report is also available from
the address below: The Group Corporate Secretary, Bank Audi sal, Audi Plaza -
Bab Idriss, P.O. Box 11-2560, Beirut – Lebanon.
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Independence Day: Monday, November 22, 2021
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Monday, November 22, 2021.
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BLC Bank SAL – Thursday November 4, 2021:
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The Ordinary General Assembly of shareholders of BLC Bank SAL held a meeting
on September 02, 2021 and decided to approve the Bank’s accounts for the year
ended December 31, 2020, approve the transfer of the 2020 financial results to
retained earnings and ratify the transactions mentioned in the special report of
the Board of Directors and in the Special report of the auditors.
(Minutes of
Meeting)
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Beirut Stock Exhange Circular 498/2021 -Thursday 28, 2021
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Following the expiration of the basic priority period of the Series 2014 priority shares of Bank of Beirut SAL without extending this period by the Board of Directors of the Bank; and in reference to the decision of the Extraordinary General Assembly of shareholders of the Bank which took note that the 2014 priority shares lost their classification and features and became Ordinary Common shares and upon the request of the Bank, the Beirut Stock Exchange decided to list, as of November 01, 2021, the 4,762,000 Common shares resulting from the elimination of the Series 2014 priority shares of Bank of Beirut SAL and their addition to the Bank’s Common Listed shares. (Circular 498/2021)
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Holcim (Liban) SAL – Thursday October 21, 2021
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Holcim (Liban) SAL publishes the Report
of the Board of Directors addressed to the Extraordinary
General Meeting of Shareholders.
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BLC Bank SAL – Wednesday October 13, 2021:
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BLC Bank SAL publishes the
Independent Auditors’ Report and the Consolidated Financial
Statements for the year ended December 31, 2020.
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Holcim (Liban) S.A.L.– Monday September 27, 2021.
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Friday, October 15, 2021 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2020. - Approve the report of the Auditors for the year ended December 31, 2020. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2020 and give the Board of Directors complete clearance for the business of the year 2020. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2021 and fix their fees. - Give the members of the Board the authorization stipulated in article 29 of the company’s by-laws. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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Holcim (Liban) S.A.L.– Monday September 27, 2021.
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 a.m., on Friday, October 15, 2021 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2020. - Amend the company’s by-laws in implementation of law number 126 published in the official gazette on April 01, 2019. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions
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S L des Ciments Blancs S.A.L.– Monday September 27, 2021
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The Board of Directors of Societe Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Friday, October 22, 2021 at the offices of Holcim (Liban) SAL in Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2020. - Approve the report of the Auditors for the year ended December 31, 2020. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2020 and give the Board of Directors complete clearance for the business of the year 2020. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Nominate Auditors for the fiscal year 2021 and fix their fees. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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S L des Ciments Blancs S.A.L.– Monday September 27, 2021
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The Board of Directors of Societe Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 a.m., on Friday, October 22, 2021 at the offices of Holcim (Liban) SAL in Dbayeh to discuss the following agenda: - Amend the company’s by-laws in implementation of law number 126 published in the official gazette on April 01, 2019. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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Bank Audi SAL – Friday September 17, 2021:
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Bank Audi SAL announces that
the unaudited Interim Financial Report as at,
and for the period ended, June 30, 2021 encompassing, among other things, the
Financial Statements and notes and a Management Discussion & Analysis can now be
downloaded from the Company’s website at
www.bankaudigroup.com or by clicking on the following link:
Link The June 2021 Interim Report is
also available from the address below:
The Group Corporate Secretary, Bank Audi sal,
Audi Plaza - Bab Idriss, P.O. Box 11-2560, Beirut – Lebanon
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Solidere S.A.L. – Tuesday August 24, 2021:
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The Ordinary General Assembly of shareholders of Solidere held a meeting on August 20, 2021 and decided to: - approve the company’s accounts for the year ended December 31, 2020. - give the Chairman and members of the Board of Directors the authorization stipulated in articles 158 and 159 of the Code of Commerce. – Appoint external Auditors: Deloite & Touche and Ernest & Young. Elect Misters Nasser Chammaa, Ghazi Youssef, Ziad Abou Jamra, Mohammad Choukair, Nader Hariri, Raphael Sabbagha, Makram Abboud, Raja Salameh, Tarek Chehab, Rani Karime, Raymond Noujaim to the Board of Directors for a period of three years. After that the Board of Directors held a meeting and elected Mr. Nasser Chammaa as a chairman and General Manager
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Banque BEMO S.A.L. – Monday August 23, 2021.
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The Beirut Stock Exchange decided to list, as of August 25, 2021, additional
26,100,000 common shares issued by Banque BEMO SAL.
These shares will be added to the previously listed common shares of the Bank;
therefore the total number of common listed shares of Banque BEMO
SAL becomes 77,500,000 common shares.
(Circular 497/2021)
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BLC Bank SAL – Thursday August 12, 2021:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Thursday, September 02, 2021, at the Bank’s Head Office in Adlieh Beirut, BLC Bank Bldg. to discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the year 2020. - Examine the Reports of the Auditors for the year 2020. - Give proper authorizations as per Articles 158 & 159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the Bank’s accounts for the year 2020. - Give full discharge to the Board of Directors. - Allocate the results of the year 2020. - Other topics
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Hegria New Year: Monday August 09, 2021.
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Monday, August 09, 2021. Trading will be resumed on Tuesday, August 10, 2021
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Temporary Closure of the Beirut Stock Exchange
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In line with the administrative memorandum Nb. 14/2021 issued by the presidency of the Council of Ministers, which stipulated the declaration of national mourning and the closure of public administrations and institutions on the tragic first anniversary of the explosion of the Port of Beirut, the Beirut Stock Exchange will close on August 04, 2021.
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Solidere S.A.L. – Thursday July 29, 2021:
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تعلن الشركة اللبنانية لتطوير وإعادة إعمار وسط مدينة بيروت (سوليدير) ش.م.ل. عن نتائجها المالية المدققة المستقلة للعام 2020 والتي تظهر أرباح صافية بلغت 20.7 مليون دولار.
وقد تمكّنت الشركة بالرغم من التطورات الدراماتيكية الكبيرة على جميع الأصعدة السياسية والأمنية والاقتصادية والاجتماعية والصحية والتي كان لها أثرا سلبيا على القطاع العقاري ودورا كبيرا في تراجع النشاط الاقتصادي والتجاري في لبنان من تحقيق مبيعات ملموسة من خلال بيع عدد من المستثمرين المحليين عدد من العقارات في وسط بيروت خلال العام 2020 بحوالي 382 مليون دولار. (كامل الإعلان)
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Solidere S.A.L. – Thursday July 29, 2021:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday, August 20, 2021 at Cinema City, Allemby Street, Downtown, to discuss the following agenda: - Examine the Board of Director’s Report for 2020. - Examine the Auditors’ Reports related to the Separate Financial Statements and the Consolidated Financial Statements for 2020. - Examine the accounts, the Financial Statements and the Consolidated Financial Statements for 2020. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2020. - Elect Members of the Board of Directors and determine their remunerations. - Appoint the Auditors and determine their fees. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday September 13, 2021 at. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, October 04, 2021 at Cinema City, Allemby Street, Downtown.
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Solidere S.A.L. – Thursday July 29, 2021:
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Solidere SAL publishes the
Consolidated Financial Statements and Independent Auditors’ Report the for
the year ended December 31, 2020
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BLOM Bank S.A.L. – Thursday July 15, 2021:
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BLOM Bank SAL publishes Extract from the
Ordinary General Assembly of shareholders of June 21, 2021.
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Eid Al Adha
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On the occasion of Eid Al Adha, there will be no
trading at the Beirut Stock Exchange from Tuesday, July 20, 2021 till Thursday,
July 22, 2021. Trading will be resumed on Friday, July 23, 2021.
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Byblos Bank S.A.L. – Wednesday July 14, 2021:
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Byblos Bank SAL
publishes the Independent Auditors’ Report and
the Consolidated Financial Statements for the year ended December 31, 2020.
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Byblos Bank S.A.L. – Wednesday July 14, 2021:
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Byblos Bank SAL publishes the Report
of the Board of Directors addressed to the Annual General Meeting
of June 18, 2021.
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Byblos Bank S.A.L. – Wednesday July 14, 2021:
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Byblos Bank SAL publishes the
Auditors’ Special Report drafted according to article 158 of the Code of
Commerce for the year ended December 31, 2020.
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Bank of Beirut S.A.L. – Tuesday July 13, 2021:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 12 p.m., on Thursday July 29, 2021, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the year 2020. - Approve the Auditors’ reports for the year 2020. - Approve the Separate and Consolidated Financial Statements for the year 2020. - Approve the authorizations granted by the Board of Directors pursuant to Article 158 of the Code of Commerce. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the year 2020. - Renew the granted authorizations and grant new ones pursuant to Article 159 of the Code of Commerce. - Other topics.
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BLOM Bank S.A.L. – Wednesday July 7, 2021:
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BLOM Bank SAL announces the followings: • End of the contract between the Bank and the Assistant General Manager - assistant to Chief Executive Officer, Dr. Pierre Abu Ezza as of 17/07/2021. • Appointment of Mr. Talal Ibrahim as Assistant General Manager – Vice Chief Executive Officer. • Appointment of Mr. Mohamed Yehya Khaled as Assistant General Manager - Assistant Chief Executive Officer
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Bank Audi SAL – Wednesday June 16, 2021:
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The unaudited Interim Financial Report as at, and for the period ended, March
31, 2021 encompassing, among other things, the Financial Statements and notes
and a Management Discussion & Analysis can now be downloaded from the Company’s
website at http://www.bankaudigroup.com
The March 2021 Interim Report is also available from the address below:
The Group Corporate Secretary - Bank Audi sal - Audi Plaza - Bab Idriss -
P.O. Box 11-2560 - Beirut – Lebanon
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BLOM Bank S.A.L. – Monday June 14, 2021:
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BLOM Bank SAL publishes the Auditors’
Report and
the Consolidated Financial Statements for the year ended December 31, 2020.
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BLOM Bank S.A.L. – Monday May 31, 2021:
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The Board of Directors of BLOM BANK S.A.L. (the Bank) convened on Thursday, May 20, 2021 and took the decision to call the shareholders of the Bank to hold the Annual Ordinary General Assembly Meeting on Monday, June 21, 2021 (21/06/2021) at12:00 p.m. at the Bank’s Headquarters in Beirut, Verdun, Rachid Karami Street, BLOM Bank S.A.L. building (Block A-7th Floor), in order to discuss the following agenda items: - To examine the general reports of the Board of Directors and external Auditors and to approve the Bank’s accounts, in particular, the balance sheet and the profit and loss account for the year ended 31/12/2020. - To examine the special reports of the Board of Directors and External auditors in accordance with article 158 of the Code of Commerce and article 152 of the Code of Money and Credit for the year ended 31/12/2020, and to ratify the transactions detailed therein. - To allocate the results of the financial year 2020 as proposed by the Board of Directors. - The discharge the Chairman and Board members with respect to their activities performed during the year 2020. - To determine the remunerations (attendance allowances) of the Chairman and Board members for the year 2021. - To determine the remunerations of the Chairman – General Manager, and the Assistant general Managers for the year 2021. - To grant authorization to the Board members in accordance with article 158 of the Code of Commerce and article 152 of the Code of Money and credit. - To authorize the Board members to take part in the management of similar companies, in accordance with article 159 of the Code of Commerce. - To authorize the Company to carry on agreements, in accordance with article 158 of the Code of Commerce and article 152 of the Code of Money and Credit. - To appoint External Auditors for the coming three years and to determine their fees. - Any other matter.
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Byblos Bank S.A.L. – Wednesday May 26, 2021:
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The shareholders of Byblos bank S.A.L. are invited to attend the annual ordinary general assembly to be held at the Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avemue, at 09:30 AM on Friday, 18 June 2021, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2020. - To hear the auditors’ general and special reports for the fiscal year 2020. - To approve the accounts of the fiscal year 2020 and the allocation of its results. - To discharge the chairman and the board members for their administrative duties during the fiscal year 2020. - To elect a new board of Directors. - To approve the operations performed between the Board members and the Bank during the fiscal year 2020 and the contractual terms of the Board members and the Senior officers of the Bank, and to authorize the board members, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2021 all the operations described in the special report of both the Board of Directors and the auditors. - To appoint the auditors for 2021, 2022 and 2023. - To determine the auditors’ remuneration for the fiscal year 2021 and the Board of Directors’ and Board Committee members’ emoluments for the fiscal year 2021. - Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2020, general and special reports of both the Board and the auditors for the fiscal year 2020, consolidated profit and loss account, consolidated balance sheet and relevant auditors’ report, as well as the list of the shareholders will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 25 days before the meeting
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Byblos Bank S.A.L. – Wednesday May 26, 2021:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 AM on Friday, 18 June 2021, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2020. - To hear the auditors’ general and special reports for the fiscal year 2020. - To advise on the accounts of the fiscal year 2020 and on the allocation of its results. - To advise on the discharge of the Chairman and Board members for their administrative duties during the fiscal year 2020. - To advise on the election of a new Board of Directors. - To advise on the operations performed between the Board members and the Bank during the fiscal year 2020 and on the contractual terms of the Board members and the Senior officers of the Bank, and on the authorization to be given to the Board members, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2021 all the operations described in the special report of both the Board of Directors and the auditors. - To advise on the appointment of the auditors for 2021, 2022 and 2023. - To advise on the determination of the auditors’ remuneration for the fiscal year 2021 and on the Directors’ and Board Committee members’ emoluments for the fiscal year 2021. - Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2020, general and special reports of both the Board and the auditors for the fiscal year 2020, consolidated profit and loss account, consolidated balance sheet and relevant auditors’ report, as well as the list of the holders of the preferred shares will be made available to shareholders at Byblos bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 25 days before the meeting.
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Resistance and Liberation Day –Tuesday May 25, 2021
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On the occasion of Resistance and Liberation Day there will be no trading at the Beirut Stock Exchange on Tuesday May 25, 2021.
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Bank Audi SAL- Monday May 17, 2021:
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Dear Global Depositary Receipt Holder: Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value LL 1,670 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Full Statement)
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Bank Audi SAL- Monday May 17, 2021:
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Bank Audi SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2020
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Eid Al Fitr: May 13 and 14, 2021
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on May 13, 2021 and on May 14, 2021.
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Bank Audi SAL – Wednesday May 12, 2021:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Thursday June 3, 2021 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2020 and to examine the following agenda: - To approve the Bank’s accounts, in particular, the balance sheet and the profit and loss statement, as of and for the year ended December 31, 2020, and to discharge the Chairman and members of the Board of Directors of the Bank in respect of activities performed during the year ended December 31, 2020; - To approve the allocation of the 2020 annual results as proposed by the Board of Directors, and to authorize the transfer of other amounts to retained earnings, or to other reserve accounts; read more
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Bank Audi SAL – Monday May 10, 2021:
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Bank Audi sal’s Annual Report for the year ended 31 December 2020 (the “2020 Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and a Management Discussion & Analysis can now be downloaded from the Company’s website at http://www.bankaudigroup.com or by clicking on the following link: Link The 2020 Annual Report is also available from the address below: The Group Corporate Secretary - Bank Audi sal - Audi Plaza - Bab Idriss - P.O. Box 11-2560 - Beirut – Lebanon
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BLOM Bank S.A.L. – Friday May 07, 2021:
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BLOM Bank SAL publishes the modified By-Laws of the Bank as approved by the Extraordinary General Assembly of shareholders of July 15, 2020 and ratified by the Central Bank of Lebanon.
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Orthodox Good Friday and Easter Holidays– April 30 & May 03, 2021:
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On the occasion of Orthodox Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, April 30, 2021 till Monday, May 03, 2021. Trading will be resumed on Tuesday May 04, 2021.
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Byblos Bank S.A.L. – Friday March 26, 2021:
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The shareholders of Byblos bank S.A.L. are invited to attend the Extraordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11 AM on Wednesday, 21 April 2021, in order to discuss and decide on the matters listed on the following agenda: - To verify the validity of the participation in the cash contribution to capital convertible into shares and its payment. - To approve the cash contribution to capital convertible into shares agreement. - To confirm the approval of Byblos Bank S.A.L. capital increase in stages not exceeding in the aggregate the counter value in LBP of USD /270,000,000/ (two hundred and seventy million United States dollars), which subscription is restricted to the signatories of the cash contribution to capital agreement, and to the conditions of the increase; - To approve the exchange of the fiduciary notes issued by Mitsubishi UFG Global Custody SA (as successor to the Bank of New York Mellon (Luxembourg) S.A.) to finance a subordinated loan provided by the latter to Byblos Bank S.A.L., for subordinated notes issued by Byblos Bank S.A.L. and payable in Lebanon in addition to a monetary amount, and to approve their issuance. - Miscellaneous. The following documents will be made available at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours, 25 days at least before the meeting. - Standard form of the cash contribution to capital agreement. - List of signatories on the cash contribution to capital agreement. - Board of Directors report on the exchange operation and a summary on the exchange offer.
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Byblos Bank S.A.L. – Friday March 26, 2021:
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Byblos Bank S.A.L. would like to inform you that on 23 December 2020, its shareholders’ Extraordinary General assembly decided to: - Approve the signature of cash contribution to capital agreements up to the amount of USD/270,000,000/ (two hundred and seventy million United States Dollars). - Approve the increase of Byblos Bank S.A.L. capital in stages not exceeding in the aggregate the counter value in LBP of USD/270,000,000/, as per the exchange rate prevailing at the date of each conversion, in implementation of the cash contribution holders right to convert them totally or in part into shares; the amount of each increase in execution of the conversion and its relevant details shall be determined by the extraordinary general assembly that shall approve it. - Note that, in the event that the extraordinary general assembly or the Central Bank of Lebanon does not approve the capital increase in execution of the conversion, the return rate generated by the cash contributions shall be increased by three points until the date of the extraordinary general assembly that shall approve the capital increase in execution of the conversion. - Approve to adopt the conversion rate as per the exchange rate at the conversion date, according to a flat rate equal to LBP 1,210 per share (subject to adjustment). The term sheet and the cash contribution to capital agreement are available at the Bank’s headquarters. Based on the foregoing, the Board of directors has the pleasure to invite the shareholders to participate in the cash contribution to capital convertible into shares according to the above-mentioned main conditions and to the detailed conditions of the term sheet and the cash contribution to capital agreement from 26 March 2021 to 06 April 2021 inclusively, by presenting to the Bank’s headquarters, Financial Markets Division during the regular business hours.
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Byblos Bank S.A.L. – Friday March 26, 2021:
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This announcement is made by Byblos Bank S.A.L. (the “Bank”) in respect of the U.S.$300,000,000 6.5% Convertible Fiduciary Notes due 2022 (the “Fiduciary Notes”) issued on a fiduciary basis by The Bank of New York Mellon (Luxembourg) S.A. (since replaced as Fiduciary by Mitsubishi UFG Global Custody S.A.) for the sole purpose of financing a subordinated loan to the Bank. The Fiduciary Notes are pass-through instruments and, as such, do not constitute direct debt obligations of the Fiduciary. The Fiduciary’s payment obligations in respect of the Fiduciary Notes are conditional upon the receipt of payments by the Bank in respect of the Subordinated Loan. The Fiduciary is not obliged to pay amounts under the Fiduciary Notes from its own funds. Under the Terms and Conditions of the Fiduciary Notes, the Bank shall (in accordance with Central Bank Decision № 6830) pay interest on the subordinated loan (which would then be passed on to the holders of the Fiduciary Notes) if the Bank has Sufficient Available Profit for the Relevant Quarter, being the calendar quarter when the interest payment is due. In light of the ongoing severe financial, political and fiscal crises in the Lebanese Republic, including the continuing suspension of the Republic’s payments on its Eurobonds and the corresponding impact on the financial condition of Lebanese banks, including the Bank, as well as the ongoing effects of the explosion at the Port of Beirut and the COVID-19 pandemic, the Bank’s management has determined that the Bank will not have Sufficient Available Profits for the Relevant Quarter for the quarter ending 31 March 2021 or any profit at all. As a result, the Bank will not make an interest payment on the subordinated loan. The Fiduciary will, therefore, not pass on such amounts representing interest payments to the holders of the Fiduciary Notes on next the interest payment date, which is 31 March 2021.
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Feast of Annunciation – Thursday March 25, 2021:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Thursday, March 25, 2021.
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BLOM Bank – Wednesday March 10, 2021:
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BLOM Bank S.A.L. (the “Bank”) previously announced a capital increase via a cash contribution to capital (the “CCC”). The Bank held an extraordinary General Assembly on February 22, 2021 to discuss, among other matters, the cash contribution to capital transaction (the “CCC”) previously approved by the Extraordinary General Assembly. I light of the ongoing increase of the Bank’s equity, the Extraordinary General Assembly has taken the decision to cancel the CCC, as it is no longer required to meet applicable regulatory requirements.
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Bank Audi SAL – Friday March 05, 2021:
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Bank Audi SAL publishes Extract from the Minutes of Meeting of the Ordinary General Assembly of February 12, 2021.
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BLOM Bank – Wednesday February 24, 2021:
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BLOM BANK SAL Announces the Execution of an SPA in Relation to the Sale of its Stake in BLOM BANK Egypt SAE to Arab Banking Corporation (B.S.C.)
Beirut, Lebanon | 17 January 2021 – BLOM BANK SAL (“BLOM BANK”) and Arab Banking Corporation (B.S.C.) (“Bank ABC”) are pleased to announce that they have signed a definitive agreement on Friday 15 January 2021 whereby BLOM BANK SAL will sell its entire 99.4% stake in BLOM BANK Egypt SAE (“BLOM BANK Egypt”), its Egyptian subsidiary, to Bank ABC, subject to obtaining the approvals of the Central Bank of Egypt and the Central Bank of Lebanon, among other regulatory approvals in Egypt and Bahrain. The proposed cash consideration to be offered by Bank ABC for 100% of BLOM BANK Egypt under the transaction is EGP 6,700 million1 (USD 427mn2). BLOM BANK will sell its stake to Bank ABC by tendering its shares into a mandatory tender offer to be launched by Bank ABC (Full Report)
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BLOM Bank – Monday February 15, 2021:
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BLOM Bank S.A.L. (the “Bank”) previously announced a capital increase via a cash contribution to capital (the “CCC”). The Bank has called for an Extraordinary General Assembly to discuss among other matters the cash contribution to capital (the “CCC”) previously approved. The Bank expects that a decision regarding the matter will be taken during this meeting and announced shortly after, but in any event, no later than March 31, 2021.
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BLOM Bank – Wednesday February 10, 2021:
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We are pleased to notify you that the Board of Directors of BLOM BANK s.a.l (the Bank) convened on Monday, January 25, 2021 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Monday, February 22, 2021 (22/02/2021) at 12.00 p.m. at the Bank’s Headquarters in Beirut, Verdun, Rachid Karami Streeet, BLOM BANK s.a.l. building (Block A-7th Floor), in order to discuss the following agenda items: - Grant the final approval for the sale of Blom Bank Egypt to the Arab Banking Corporation B.S.C. (Bank ABC). - Take note of the revaluation of all investments by the bank in its subsidiaries according to the Equity Method in the financial statements of 31/12/2020. - Cancel the decision to issue the Cash Contribution to Capital Instruments (CCCI) approved in the Extraordinary General Assembly held on January 14, 2020. - Approve the appointment of a new Legal Agent for the Bank. - Any other matter.
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BLC Bank S.A.L. – Monday February 8, 2021:
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BLC Bank SAL publishes the agenda, addressed to common shareholders of the bank, relating to the second phase of Cash Contribution to Capital.
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Bank Audi S.A.L. – Monday February 8, 2021:
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Bank Audi sal and FAB Sign Definitive Agreement for the Sale and Purchase of 100% of Bank Audi sae (Egypt)’s Share Capital
- Transaction expected to be completed within the next few months, subject to regulatory approvals.
- FAB’s first international acquisition in line with targeted growth strategy in high potential markets in MENA.
- This is a strategic opportunity for Bank Audi sal (Lebanon) to reap the fruit of its successful investment in Egypt, with the sale proceeds contributing to the enhancement of Bank Audi’s capitalisation and financial resilience.
- Post-acquisition, FAB Egypt to be one of the largest foreign banks in Egypt by total assets.
Abu Dhabi, UAE and Beirut, Lebanon; January 20, 2021: Bank Audi sal (Bank Audi) and First Abu Dhabi Bank (FAB) have announced the signing today of a definitive agreement (Full Report)
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Bank Audi S.A.L. – Monday February 8, 2021:
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NOTICE OF ORDINARY GENERAL ASSEMBLY MEETING
The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday February 12, 2021 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - Granting the final approval for the sale, to Capital Bank, of the operations of the Bank’s branches in Jordan and the assignment and assumption of their assets and liabilities, and for the sale to the National Bank of Iraq, a subsidiary of the Capital Bank Group, of the operations of the Bank’s branches in Iraq and the assignment and assumption of their assets and liabilities; - Granting the final approval and ratifying the sale to First Abu Dhabi Bank of all the shares of Bank Audi sae (Egypt) and the assignment to it of the subordinated debt previously granted by the Bank to Bank Audi sae (Egypt); - Issuing new unsecured subordinated notes to be subscribed to, exclusively, through the exchange of the unsecured subordinated notes issued by the Bank in 2013; - Submitting the action described in item 3 above for approval by the Central Bank of Lebanon, acting through its Central Council; and - Granting the Chairman of the Board of Directors and the General Managers, acting severally, the necessary powers to implement the resolutions adopted by the Ordinary General Assembly.
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Bank Audi S.A.L. – Monday February 8, 2021:
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Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value L.L. 1,670 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Full Report)
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St. Maroun's Day - Tuesday February 09, 2021:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2021. Trading will be resumed on Wednesday, February 10, 2021.
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Resumption of trading - February 08, 2021
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The Beirut Stock Exchange announces that it will resume its activities on Monday, February 08, 2021
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Temporary closure of Beirut Stock Exchange
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In line with the government's decision to extend the lock down period throughout the country to reduce the spread of the COVID-19 Coronavirus, the Beirut Stock Exchange will remain closed till Friday, February 05, 2021. A new announcement will be published before Monday, February 08, 2021.
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Temporary closure of Beirut Stock Exchange
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In line with the cabinet’s decision declaring a state of general mobilization throughout the country to reduce the spread of the COVID-19 Coronavirus, the Beirut Stock Exchange will close from Thursday, January 14, 2021 till Friday, January 22, 2021. A new announcement will be published before Monday January 25, 2021.
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Bank Audi S.A.L. – Tuesday January 5, 2021:
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Bank Audi sal and Audi Private Bank sal have announced the merger of their business operations in Lebanon and the transfer of all the assets, liabilities rights and commitments of Audi Private Bank sal to Bank Audi sal, following the final approval of the Central Bank of Lebanon ref: 871/C.C./3 based on the decision of the Central Council N° 4320/25/ dated December 9, 2020. The General Assembly of Bank Audi sal held on September 4, 2020 has approved the acquisition of all assets, liabilities, rights and commitments of Audi Private Bank sal. This merger will provide the needed business continuity to all APB customers in terms of banking services, thus making the transition as smooth as possible for the customer. It will also create substantial values and synergies on the operational front while taking into consideration the current status of the Lebanese macro environment. The latter has indeed significantly affected the banking sector in general and the Private Banking business model in Lebanon in particular, while dictating a reconsideration of the said business model and the implementation of strategic changes. This strategic merger enhances the future competitive positioning of Bank Audi with a significant elimination in duplication and lower operating expenses. Specific synergies were created in this respect, which integrate, among others, the governance and control frameworks of APB into those of Bank Audi. (AR)
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Bank Audi S.A.L. – Tuesday January 5, 2021:
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Bank Audi sal and Audi Investment Bank sal have announced the merger of their business operations in Lebanon and the transfer of all the assets, liabilities rights and commitments of Audi Investment Bank sal to Bank Audi sal, following the final approval of the Central Bank of Lebanon ref: 872/C.C./3 based on the decision of the Central Council N° 44/20/25/ dated December 9, 2020. The General Assembly of Bank Audi sal held on September 4, 2020 has approved the acquisition of all assets, liabilities, rights and commitments of Audi Investment Bank sal. This merger will provide the needed business continuity to all AIB customers. It will also create substantial values and synergies on the operational front. This strategic merger enhances the future competitive positioning of Bank Audi with a significant elimination in duplication and lower operating expenses. Specific synergies were created in this respect, which integrate, among others, the governance and control frameworks of AIB into those of Bank Audi. (AR)
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Armenian Christmas Day – Wednesday January 06, 2021:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Wednesday, January 06, 2021, trading will be resumed on Thursday, January 07, 2021.
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Solidere S.A.L. – Monday January 4, 2021:
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Solidere announces that its shares traded on the Beirut Stock Exchange closed on the last trading day for the year 2020 at $18.50 per share for Class A and $18.29 per share for Class "B", compared to $7.30 per share for Class A and $7.29 per share for Class B at the end of the year 2019. During the year 2020, the company paid off bank debts in full amounting to more than $200 million and substantially improved its balance sheet. Cash reserves in banks also increased significantly at the end of 2020, which enhances the company's liquidity and its ability to face emergency and future challenges. It is noteworthy that the realized unaudited sales that were signed during the year 2020 and whose revenues will realize during the years 2020 and 2021 amounted to $393 million. The company is currently in the process of repairing the severe damages to its facility following the explosion of the Beirut port on August 4, 2020. In this context, the company prepared a plan to assist merchants and residents in downtown Beirut to restore normal life to the center of the capital. The company has also implemented a huge basket of donations, humanitarian, social and hospital aids in the affected areas outside the central district. (AR)
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BLOM Bank – Monday January 4, 2021:
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We are pleased to notify you that the Board of Directors of BLON BANK s.a.l (the Bank) convened on Friday, December 04. 2020 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Monday, January 25, 2021 (25/01/2021) at 12.00 p.m. at the Bank’s Headquarters in Beirut, Verdun, Rachid Karami Streeet, BLOM BANK s.a.l. building (Block A-7th Floor), in order to discuss the following agenda items: 1- To review and approve the procedures for the increase of the shareholders’ equity of the Bank in implementation of the terms of Banque du Liban (BDL) decisions. 2- Any other matter. (AR)
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BLOM Bank – Wednesday December 30, 2020
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BLOM Bank SAL informs its shareholders that the Bank extended the deadline for CCC process till further notice. A new announcement will be published before February 19, 2021.
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Bank Audi S.A.L. – Tuesday December 29, 2020:
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Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi’s Jordan Branch Network, and the acquisition by the National Bank of Iraq – a subsidiary of Capital Bank Group – of the operations of Bank Audi’s Iraq Branch Network, including the purchase of the assets and liabilities of these branches. The completion of these transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities. (Continue reading)
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Byblos Bank S.A.L. - Monday December 28, 2020:
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This announcement is made by Byblos Bank S.A.L. (the “Bank”) in respect of the U.S.$300,000,000 6.5% Convertible Fiduciary Notes due 2022 (the “Fiduciary Notes”) issued on a fiduciary basis by The Bank of New York Mellon (Luxembourg) S.A. (since replaced as Fiduciary by Mitsubishi UFG Global Custody S.A.) for the sole purpose of financing a subordinated loan to the Bank. The Fiduciary Notes are pass-through instruments and, as such, do not constitute direct debt obligations of the Fiduciary. The Fiduciary’s payment obligations in respect of the Fiduciary Notes are conditional upon the receipt of payments by the Bank in respect of the Subordinated Loan. The Fiduciary is not obliged to pay amounts under the Fiduciary Notes from its own funds. Under the Terms and Conditions of the Fiduciary Notes, the Bank shall (in accordance with Central Bank Decision № 6830) pay interest on the subordinated loan (which would then be passed on to the holders of the Fiduciary Notes) if the Bank has Sufficient Available Profit for the Relevant Quarter, being the calendar quarter when the interest payment is due. In light of the ongoing severe financial, political and fiscal crises in the Lebanese Republic, including the continuing suspension of the Republic’s payments on its Eurobonds and the corresponding impact on the financial condition of Lebanese banks, including the Bank, as well as the widely-reported effects of the explosion at the Beirut, the Bank’s management has determined that the Bank will not have Sufficient Available Profits for the Relevant Quarter for the quarter ending 31 December 2020 or any profit at all. As a result, the Bank will not make an interest payment on the subordinated loan. The Fiduciary will, therefore, not pass on such amounts representing interest payments to the holders of the Fiduciary Notes on next the interest payment date, which is 31 December 2020.
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New Year Holiday – Dec 31, 2020 & Jan 01, 2021.
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On the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Thursday, December 31, 2020 and on Friday, January 01, 2021. Trading will be resumed on Monday, January 04, 2021.
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Solidere S.A.L. – Tuesday December 15, 2020:
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Solidere SAL publishes the Condensed Interim Consolidated Financial Information and Review Report for the Six-month period ended June 30, 2020. (Full Report)
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Beirut Stock Exhange Circular 495/2020 -Tuesday 15, 2020.
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The Beirut Stock Exchange publishes the decision of Banque Du Liban addressing banks’ breaches relating to the marketing of preferred shares.
Banks that have not distributed the profits for the year 2019 and beyond for their preferred shares that have been marketed to individuals as bearing a guaranteed interest, must make the distribution at the rate stated in the issuance terms sheet. Banks that did not comply with the above stated decision should take a special provision in the same issuance currency of these shares equal to three fold the unpaid profit relating to the preferred shares marketed in contravention to the norms; or create a reserve account without interest at Banque Du Liban in the same issuance currency of these preferred shares equal to three fold the total unpaid profits. Banks that do not abide by the above decisions shall be subject to the penalties stated in article 208 of the code of Money and Credit. (Circular 495/2020)
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Holcim (Liban) S.A.L.– Thursday December 10, 2020
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Holcim (Liban) SAL publishes the Financial Statements and Independent Auditor’s Report for the year ended December 31, 2019.
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Holcim (Liban) S.A.L.– Thursday December 10, 2020
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Holcim (Liban) SAL publishes: the Report of the Board of Directors addressed to the Annual General Assembly of December 15, 2020.
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S L des Ciments Blancs S.A.L.– Thursday December 10, 2020
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Societe Libanaise des Ciments Blancs SAL publishes the Financial Statements and Independent Auditor’s Report for the year ended December 31, 2019.
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S L des Ciments Blancs S.A.L.– Thursday December 10, 2020
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Societe Libanaise des Ciments Blancs SAL publishes: the Report of the Board of Directors addressed to the Annual General Assembly of December 17, 2020.
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S L des Ciments Blancs S.A.L.– Thursday December 10, 2020
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Societe Libanaise des Ciments Blancs SAL publishes: the Special Report of the Board of Directors addressed to the Annual General Assembly of December 17, 2020 and the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2019
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BLOM Bank S.A.L. – Wednesday December 2, 2020:
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Blom Bank S.A.L announces that it has entered into exclusive discussions with Arab Banking Corporation B.S.C. (Bahrain) to potentially sell 99.42% of the total issued share capital of Blom Bank Egypt S.A.E. Both parties will consequently enter into negotiations in order to reach a final agreement; however, there is no certainty that any transaction will be completed. Further announcements will be made in due course.
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Bank Of Beirut S.A.L. – Monday November 30, 2020:
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The Board of Directors of Bank of Beirut sal invites shareholders to attend an extraordinary general assembly to be held at 10:00 am on December 16, 2020 at the Bank’s Head Office located in Foch St, Beirut Downtown to discuss the following agenda: - Take note of the conversion of the 2014 priority shares into common shares. – Amend some articles of the Bank’s By-laws to reflect the aforementioned change. – Other topics.
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Bank Of Beirut S.A.L. – Monday November 30, 2020:
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The Board of Directors of Bank of Beirut sal invites shareholders to attend an ordinary general assembly to be held at 11:00 am on December 16, 2020 at the Bank’s Head Office located in Foch St, Beirut Downtown to discuss the following agenda: - Approve the decisions of the Board of Directors of November 25, 2020 relating to the increase of the basic private funds of the Bank. - Approve the contracts of real estate sales and the contracts of cash contribution to capital. - Approve the authorization granted by the Board of Directors pursuant to the provisions of article 158 of the Code of Commerce relating to the contracts of real estate sales and the contracts of cash contribution to capital. – Other topics.
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Bank Audi S.A.L. – Monday November 30, 2020:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements as at and for the period ended September 30, 2020. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt For additional information, you may address your e-mails to corporate.secretary@bankaudi.com.lb.
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BLOM Bank S.A.L. – Friday November 27, 2020:
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BEIRUT, 24 November 2020 – BLOM Bank SAL (the “Bank”) refers to its announcement of 23 October 2020 in relation to the proposed withdrawal of its Global Depositary Shares (the “GDSs”) from trading on the EuroMTF and from the Official List. The Bank confirms that the cancellation took effect today. The Bank has not terminated its Global Deposit Receipt Programme. Accordingly, following cancellation of the listing of the GDSs, the GDSs will remain outstanding. The GDSs and the underlying shares of the Bank represented by the GDSs will continue to be listed and traded on the Beirut Stock Exchange.
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BLOM Bank S.A.L. – Friday November 27, 2020:
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BEIRUT, 24 November 2020 – BLOM Bank s.a.l. (the “Bank”) refers to its announcement of 23 October 2020 in relation to the proposed withdrawal of its Global Depositary Shares (the “GDSs”) from trading on the International Order Book of the London Stock Exchange. The Bank confirms that the cancellation will take effect from 7:00 am today. The Bank has not terminated its Global Deposit Receipt Programme. Accordingly, following cancellation of the listing of the GDSs, the GDSs remain outstanding. The GDSs and the underlying shares of the Bank represented by the GDSs will continue to be listed and traded on the Beirut Stock Exchange.
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Byblos Bank S.A.L. - Friday November 27, 2020:
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The shareholders of Byblos Bank S.A.L. are invited to attend the Extraordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 AM on Wednesday, 23 December 2020, in order to discuss and decide on the matters listed on the following agenda:- To approve a cash contribution to capital agreements up to the total amount of USD/270,000,000/ (two hundred seventy million United States dollars) convertible into Byblos Bank S.A.L. shares. - To approve the increase of Byblos Bank S.A.L. capital in stages not exceeding in the aggregate the counter value in Lebanese pounds of USD/270,000,000/ (two hundred seventy million United States dollars), available for subscription by the shareholders who signed the cash contribution to capital agreement only and determine the terms of the capital increase. - To elect a new Board member. - Miscellaneous. The Board of Directors’ report on the agreement of cash contribution to capital convertible into shares, the main terms of the agreement, and the auditors’ report will be made available to the shareholders at the headquarters of Byblos Bank S.A.L. in Beirut, Ashrafieh, Elias Sarkis Avenue, during the regular business hours 25 days at least before the meeting
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BLC Bank S.A.L. – Friday November 27, 2020
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The Ordinary General Assembly of shareholders of BLC Bank sal convened on November 23, 2020 and decided, upon the request of all present shareholders, to postpone the meeting till Wednesday, December 02, 2020 at 11:00 a.m. in order to continue the current assembly with the same agenda and without the need to give shareholders a new notice. (Minutes of meeting)
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Independence Day:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Monday, November 23, 2020
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S L des Ciments Blancs S.A.L. – Thursday November 19, 2020:
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The Board of Directors of Societe Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday, December 17, 2020 at the offices of Holcim (Liban) SAL in Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2019. - Approve the report of the Auditors for the year ended December 31, 2019. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2019 and give the Board of Directors complete clearance for the business of the year 2019. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2020 and fix their fees. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions
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Holcim (Liban) S.A.L. – Thursday November 19, 2020:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m., on Tuesday, December 15, 2020 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2019. - Approve the report of the Auditors for the year ended December 31, 2019. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2019 and give the Board of Directors complete clearance for the business of the year 2019. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2020 and fix their fees. - Give the members of the Board the authorization stipulated in article 29 of the company’s by-laws. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions. In the event of exceptional circumstances requiring a general closure, such as for example confinement due to the spread of the Covid-19, thus preventing the holding of this meeting, the General Assembly will be postponed till December 22, 2020, at the same time, place and agenda.
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Bank Of Beirut S.A.L. – Tuesday November 17, 2020:
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Pursuant to Circular No. 400/2014 dated October 14, 2014 by which the Beirut Stock Exchange decided to accept the listing, trading and pricing of the / 4,762,000 / ordinary priority shares series 2014 issued by Bank of Beirut S.A.L. on the official market of the Beirut Stock Exchange. And in light of the expiration of the primary priority period for these shares without extending this period by the Board of Directors of the Bank; whereas if the Board of Directors did not extend the primary priority period, the priority shares lose their benefits as priority shares and become ordinary common shares that benefit from the same rights and are subject to the same obligations of the common shares of the Bank. And in light of the letter of the Chairman / General Manager of Bank of Beirut S.A.L. addressed to the stock exchange by which he informs the Beirut Stock Exchange that the Bank’s Board of Directors will soon call for an extraordinary general assembly in order to amend the Bank’s by-laws to comply with the elimination of priority shares and their addition to the bank’s common shares. The Beirut Stock Exchange decided to: - Suspend trading in the priority shares series 2014 of Bank of Beirut S.A.L., as of the beginning of the trading session of Wednesday, November 18, 2020. - Keep trading in the Bank’s other shares.
(Circular 494/2020)
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Bank Audi SAL- Tuesday November 17, 2020
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Bank Audi s.a.l. (the "Bank") refers to its previous announcements in relation to the proposed cancellation of the listing of its Global Depositary Receipts (the “GDRs”) (ISINs: US0605721127 and US0605721044) from the Official List of the UK Financial Conduct Authority and the cancellation of the admission to trading of the GDRs from the London Stock Exchange. The Bank confirms that the cancellation took effect at 7:00 am today. The Bank has not terminated its Global Deposit Receipt Programme. Accordingly, following cancellation of the listing of the GDRs, the GDRs will remain outstanding. The Shares of the Bank represented by the GDRs, as well as the GDRs, will continue to be listed and traded on the Beirut Stock Exchange. BEIRUT, 16 November 2020
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BLC Bank S.A.L. – Wednesday November 11, 2020
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The Board of Directors BLC Bank sal invites shareholders to attend an Ordinary General Assembly, to be held in accordance with the quorum and the majority legally required to amend the By-Laws of the Bank. The meeting will be held at 11:00 am on Monday, November 23, 2020 at the Bank’s Head Office located in Adlieh Beirut, BLC Bank Bldg. to discuss the following agenda: - Increase the basic private funds of the bank by 10% of the value of the rights of Common Shareholders (as at 31/12/2018) and specify the terms, conditions and details of this increase, which constitute the second part to be achieved in accordance with the requirements of Banque du Liban. - Grant the Board of Directors and / or Chairman of the Board the necessary powers to implement the decisions of the General Assembly, and give him the right to delegate all or some of these powers. - Other topics
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Bank Audi SAL- Friday October 30, 2020
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Bank Audi has agreed with First Abu Dhabi Bank (FAB) to resume their exclusive negotiations for the sale of Bank Audi sae, its fully-owned subsidiary in Egypt, to FAB. The two banks had envisaged the aforementioned transaction earlier this year, with significant progress made then, before stopping it due to the unprecedented circumstances created by the COVID-19 pandemic. The resumed talks aim at building on the earlier progress, noting that the transaction remains subject to a final agreement and to the completion of the confirmatory due diligence review, as well as the receipt of regulatory approvals, including, in particular, the approval of the Central Bank of Egypt. The proceeds of the sale will contribute to the enhancement of Bank Audi’s liquidity and financial resilience.
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BLC Bank S.A.L. – Wednesday October 28, 2020:
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BLC Bank SAL publishes the minutes of meeting of the Ordinary General Assembly of October 12, 2020.
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Prophet’s Birthday – October 29, 2020:
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On the occasion of the Prophet’s Birthday, there will be no trading at the Beirut Stock Exchange on Thursday, October 29, 2020
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Bank Of Beirut S.A.L. – Tuesday October 27, 2020:
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Bank of Beirut SAL publishes the minutes of meeting of the Board of Directors of September 28, 2020.
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Bank Of Beirut S.A.L. – Tuesday October 27, 2020:
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Bank of Beirut SAL publishes the minutes of meeting of the Ordinary General Assembly of September 28, 2020.
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BLOM Bank – Tuesday October 27, 2020:
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BLOM Bank SAL (the “Bank”) announces that it has applied for the withdrawal of its Global Depositary Shares (the “GDSs”) (ISIN: US0936881095; trading symbol: BLOBK) from trading on the Euro MTF and from the Official List with proposed effect from 24 November 2020. 1 Reason for the Delisting: Lebanon is undergoing severe financial, economic and fiscal crises, which has had a significant adverse effect on Lebanese banks, including the Bank. The Bank believes the extreme uncertainties for the Bank and its shareholders resulting from this situation are incompatible with the maintenance of the listing of the Issuer’s GDSs in Luxembourg. In addition, given the low volume of GDSs traded on the Luxembourg Stock Exchange and the limited liquidity thereof, the costs and administrative burden of maintaining the listing are disproportionate to the benefit thereof. The Bank also intends to remove the GDSs from the London Stock Exchange’s International Order Book. The GDSs and the shares underlying the GDSs will continue to be listed and admitted to trading on the Beirut Stock Exchange. 2Continuation of Listing on the Beirut Stock Exchange: The GDSs and the underlying shares of the Bank represented by the GDSs will continue to be listed and traded on the Beirut Stock Exchange. 3 Global Deposit Receipt Program: The Bank is not terminating its Global Deposit Receipt Programme. Accordingly, following the delisting from the Luxembourg Stock Exchange and the International Order Book of London Stock Exchange, all GDSs will remain outstanding. For further information, contact Investor Relations: InvestorRelations@blominvestbank.com +961 1 729 254
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BLOM Bank – Tuesday October 27, 2020:
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BLOM Bank SAL (the “Bank”) announces that it has applied for the withdrawal of its Global Depositary Shares (the “GDSs”) (ISIN: US0936881095; trading symbol: BLBD) from trading on the International Order Book of the London Stock Exchange with proposed effect from 24 November 2020. 1 Reason for the Delisting: Lebanon is undergoing severe financial, economic and fiscal crises, which has had a significant adverse effect on Lebanese banks, including the Bank. The Bank believes the extreme uncertainties for the Bank and its shareholders resulting from this situation are incompatible with the maintenance of the listing of the Issuer’s GDSs on the International Order Book. In addition, given the low volume of GDSs traded on the International Order Book and the limited liquidity thereof, the costs and administrative burden of maintaining the listing are disproportionate to the benefit thereof. The Bank also intends to simultaneously remove the GDSs from the Luxembourg Stock Exchange’s EuroMTF market. The GDSs and the shares underlying the GDSs will continue to be listed and admitted to trading on the Beirut Stock Exchange. 2 Continuation of Listing on the Beirut Stock Exchange: The GDSs and the underlying shares of the Bank represented by the GDSs will continue to be listed and traded on the Beirut Stock Exchange. 3 Global Deposit Receipt Program: The Bank is not terminating its Global Deposit Receipt Program. Accordingly, following the delisting from the Luxembourg Stock Exchange and the International Order Book of London Stock Exchange, all GDSs will remain outstanding. For further information, contact Investor Relations: InvestorRelations@blominvestbank.com +961 1 729 254
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Byblos Bank S.A.L. - Tuesday October 27, 2020:
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This announcement is made by Byblos Bank S.A.L. (the “Bank”) in respect of the Cash Contribution to Capital (“CCC”) transaction proposed by the Bank in accordance with the term sheet dated 23 September 2020. The Bank has decided to extend the deadline for submission of subscription applications by eligible holders in respect of the CCC transaction until 30 November 2020. The other terms applicable to the CCC transaction, as set out in the above-mentioned term sheet and the related subscription form remain in full force and effect.
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Holcim (Liban) S.A.L. – Monday October 26, 2020:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m., on Thursday, November 26, 2020 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2019. - Approve the report of the Auditors for the year ended December 31, 2019. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2019 and give the Board of Directors complete clearance for the business of the year 2019. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2020 and fix their fees. - Give the members of the Board the authorization stipulated in article 29 of the company’s by-laws. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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Bank Audi SAL- Tuesday October 20, 2020
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Intended Delisting from the London Stock Exchange
Bank Audi s.a.l. (the “Bank”) announces that it expects the cancellation of the listing of its Global Depositary Receipts (the “GDRs”) (ISINs: US0605721127 and US0605721044) from the Official List of the UK Financial Conduct Authority and the cancellation of the admission to trading of its GDRs from the London Stock Exchange to occur on 16 November 2020. For further information, contact Investor Relations: sana.sabra@bankaudi.com.lb
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Bank Audi SAL- Tuesday October 13, 2020:
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Bank Audi s.a.l. (the “Bank”) announces that it has applied for the cancellation of the listing of its Global Depositary Receipts (the “GDRs”) (ISIN: US0605721044) from the Official List of the UK Financial Conduct Authority and the cancellation of the admission to trading of its GDRs from the London Stock Exchange with effect from 6 November 2020.
1. Reason for the Delisting
The Bank applied for the cancellation for the listing and trading of its GDRs due to the low volume of GDRs traded on the London Stock Exchange. The Bank believes that, given the limited liquidity of the GDRs, the costs and administrative burden of maintaining the listing of the GDRs on the Official List and admission to trading on the London Stock Exchange are disproportionate to the benefits thereof.
2. Continuation of Listing on the Beirut Stock Exchange
Each GDR represents one common shares of the Bank (the “Shares”). The Shares of the Bank represented by the GDRs, as well as the GDRs, will continue to be listed and traded on the Beirut Stock Exchange.
3. Global Deposit Receipt Programme
The Bank is not terminating its Global Deposit Receipt Programme. Accordingly, following the delisting from the London Stock Exchange, all GDRs will remain outstanding.
For further information, contact Investor Relations: sana.sabra@bankaudi.com.lb
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BLOM Bank – Tuesday October 06, 2020
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Blom Bank SAL informs its shareholders that the Bank extended the deadline for CCC process till further notice. A new announcement will be published before December 30, 2020.
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Byblos Bank S.A.L. - Wednesday September 30, 2020:
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This announcement is made by Byblos Bank S.A.L. in respect of the U.S.$300,000,000 6.5% Convertible Fiduciary Notes due 2022 issued on a fiduciary basis by The Bank of New York Mellon (Luxembourg) S.A. (since replaced as Fiduciary by Mitsubishi UFG Global Custody S.A.) for the sole purpose of financing a subordinated loan to the Bank. The Fiduciary Notes are pass-through instruments and, as such, do not constitute direct debt obligations of the Fiduciary. The Fiduciary’s payment obligations in respect of the Fiduciary Notes are conditional upon the receipt of payments by the Bank in respect of the Subordinated Loan. The Fiduciary is not obliged to pay amounts under the Fiduciary Notes from its own funds. Under the Terms and Conditions of the Fiduciary Notes, the Bank shall (in accordance with Central Bank Decision № 6830) pay interest on the subordinated loan (which would then be passed on to the holders of the Fiduciary Notes) if the Bank has Sufficient Available Profit for the Relevant Quarter, being the calendar quarter when the interest payment is due. In light of the ongoing severe financial, political and fiscal crises in the Lebanese Republic, including the continuing suspension of the Republic’s payments on its Eurobonds and the corresponding impact on the financial condition of Lebanese banks, including the Bank, as well as the effects of the explosion at the Beirut (which caused at least 170 deaths and over 6,500 other casualties, displaced an estimated 300,000 people and extensively damaged property over a wide area of Beirut), the Bank’s management has determined that the Bank will not have Sufficient Available Profits for the Relevant Quarter for the quarter ending 30 September 2020 or any profit at all. (Continue reading)
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Bank Of Beirut S.A.L. – Wednesday September 30, 2020:
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BLC Bank SAL – Tuesday September 22, 2020:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 10:30 am on October 12, 2020, at the Bank’s Head Office in Adlieh Beirut, BLC Bank Bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the year 2019. - Examine the Reports of the Auditors for the year 2019. - Give proper authorizations as per Articles 158 & 159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the Bank’s accounts for the year 2019. - Give full discharge to the Board of Directors. - Allocate the results of the year 2019. - Other topics
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Bank of Beirut S.A.L. - Tuesday September 22, 2020:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 11 a.m., on Monday September 28, 2020, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the year 2019. - Approve the Auditors’ reports for the year 2019. - Approve the Separate and Consolidated Financial Statements for the year 2019. - Approve the authorizations granted by the Board of Directors pursuant to Article 158 of the Code of Commerce. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the year 2019. - Elect a new Board of Directors. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Code of Commerce and in article 152 of the Code of Cash and credit. - Appoint a second auditor for the years 2020, 2021 and 2022 and determine his fees. - Renew the granted authorizations and grant new ones pursuant to Article 159 of the Code of Commerce. - Other topics.
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BLOM Bank – Monday September 7, 2020
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BLOM Bank SAL publishes Extract from the Minutes of Meeting of the Board of Directors of July 15, 2020
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BLOM Bank – Monday September 7, 2020
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BLOM Bank SAL publishes Extract from the Minutes of Meeting of the Ordinary General Assembly of July 15, 2020.
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Banque BEMO SAL – Thursday August 27, 2020
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 9:00 am on Monday, September 14, 2020 at the Bank’s Offices, Ashrafieh, Elias Sarkis St. Banque BEMO bldg. Second floor to discuss the following agenda: - Examine the Board of Director’s general report for the year 2019. - Examine the Auditors’ report for the year 2019. - Examine the Board of Director’s special report and the Auditors’ special report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2019 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements as at 31/12/2019. - Grant discharge to the Chairman and members of the Board of Directors in respect of activities performed during the year 2019. - Fix the remunerations of the Chairman – General Manager for the year 2020. - Fix the remunerations of the Board of Directors for the year 2020. - Determine the fees of External Auditors. - Other topics. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the Bank’s Head Office 15 days before the Ordinary General Assembly.
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Banque BEMO SAL – Thursday August 27, 2020
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:00 am on Monday, September 14, 2020 at the Bank’s Offices, Ashrafieh, Elias Sarkis St. Banque BEMO bldg. Second floor to discuss the following agenda: - List all shares issued by the Extraordinary General Assembly of May 06, 2019 on the Beirut Stock Exchange. - Amend article 36 of the Bank’s By-Laws. – Other topics.
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BLOM Bank – Tuesday August 25, 2020
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Blom Bank SAL informs its shareholders that the Bank extended the deadline for CCC process till further notice. A new announcement will be published before September 30, 2020.
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Bank Audi SAL- Tuesday August 25, 2020:
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Bank Audi SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2019.
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Bank Audi SAL- Tuesday August 18, 2020:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday September 4, 2020 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2019 and to examine the following agenda: - To approve the Bank’s accounts, in particular, the balance sheet and the profit and loss statement, as of and for the year ended December 31, 2019, and to discharge the Chairman and members of the Board of Directors of the Bank in respect of activities performed during the year ended December 31, 2019; - To approve the allocation of the 2019 annual results as proposed by the Board of Directors, and to authorize the transfer of other amounts to retained earnings, or to other reserve accounts; - To ratify loans granted during the year 2019 to related parties as per Article 152 of the Code of Money and Credit; - To authorize the granting of loans to related parties during the year 2020, in accordance with Article 152 of the Code of Money and Credit; - To ratify transactions that are subject to the approval of the General Meeting including transactions entered into between the Bank and members of the Board of Directors or other related persons or affiliated companies during the year ended December 31, 2019 that are subject to Article 158 of the Code of Commerce and to authorise the Bank to enter into similar transactions during the year 2020; -To approve the acquisition of all the assets and the assumption of all the liabilities of Audi Investment Bank sal pursuant to law 192/1993; (Full Report)
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Bank Audi SAL- Tuesday August 18, 2020:
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Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value L.L. 1,670 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Full Report)
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Hegria New Year - Thursday August 20, 2020:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Thursday, August 20, 2020. Trading will be resumed on Friday, August 21, 2020.
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Bank Audi SAL- Wednesday August 12, 2020:
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Bank Audi sal’s Annual Report for the year ended 31 December 2019 (the “2019 Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and a Management Discussion & Analysis can now be downloaded from the Company’s website at www.bankaudigroup.com
The unaudited Interim Financial Report as at and for the period ended June 30, 2020 (“the 2020 Interim Report”) encompassing, among other things, the Financial Statements and notes and a Management Discussion & Analysis can also be downloaded now from the Company’s website at www.bankaudigroup.com
The 2019 Annual Report and the 2020 Interim Report are also available from the address below:
The Group Corporate Secretary
Bank Audi sal Audi Plaza - Bab Idriss P.O. Box 11-2560 Beirut - Lebanon
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Byblos Bank S.A.L. - Tuesday August 4, 2020:
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BEIRUT, 4 August 2020 – Byblos Bank s.a.l. (the “Bank”) refers to its announcement of 1 July 2020 in relation to the proposed cancellation of the listing of its Global Depositary Receipts (the “GDRs”) (ISIN: US12431A1016) from the Official List of the UK Financial Conduct Authority and the cancellation of the admission to trading of the GDRs from the London Stock Exchange. The Bank confirms that the cancellation took effect from 7:00 am on Thursday 30 July 2020. The Bank has not terminated its Global Deposit Receipt Programme. Accordingly, following cancellation of the listing of the GDRs, the GDRs will remain outstanding
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BLOM Bank S.A.L. – Friday July 17, 2020:
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After legitimate delay approved by Banque Du Liban’s (BDL), BLOM Bank announced today its audited financial results for year 2019. The results obtained were largely as expected, and affected by the impact of the financial and economic crisis that has struck Lebanon since October 2019. Net profits came to $115.411 million, lower by 77.44% from year 2018. In terms of balance sheet items, assets stood at $33.296 billion, lower by 9.38%; deposits were $26.462 billion, lower by 2.78%; (Full Report)
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Temporary closure of Beirut Stock Exchange
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In line with the cabinet’s decision declaring a state of general mobilization throughout the country to reduce the spread of the COVID-19 Coronavirus, the Beirut Stock Exchange will close from Thursday, July 30, 2020 till Monday, August 03, 2020. Trading will resume on Tuesday, August 04, 2020.
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Holcim (Liban) S.A.L. – Wednesday July 15, 2020:
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Holcim (Lebanon) SAL announces the postponement of the ordinary and extraordinary general assemblies to a later date
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Solidere S.A.L. – Wednesday July 15, 2020:
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Byblos Bank S.A.L. - Wednesday July 8, 2020:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at the Bank headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 AM on Tuesday 28 July 2020, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2019. - To hear the auditors’ general and special reports for the fiscal year 2019. - To advise on the accounts of the fiscal year 2019 and the allocation of its results. - To advise on the discharge the Chairman and the Board members for their administrative duties during the fiscal year 2019. – To advise on the election of new board members. - To advise on the operations performed between the Board members and the Bank during the fiscal year 2019 and the contractual terms of the Board members and the Senior officers of the Bank, and to authorize the Board members, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2020 all the operations described in the special report of both the Board of Directors and the auditors. - To advise on the determination of the Auditors’ remuneration for the fiscal year 2020 and on the Board of Directors and Board Committee members’ emoluments for the fiscal year 2020. – Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2019, general and special reports of both the Board and the auditors for the fiscal year 2019, consolidated profit and loss account, consolidated balance sheet and relevant auditor’s report as well as the list of the shareholders will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Wednesday July 8, 2020:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at the Bank headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 AM on Tuesday 28 July 2020, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2019. - To hear the auditors’ general and special reports for the fiscal year 2019.- To approve the accounts of the fiscal year 2019 and the allocation of its results. - To discharge the Chairman and the Board members for their administrative duties during the fiscal year 2019. - Election of new board members. - To approve the operations performed between the Board members and the Bank during the fiscal year 2019 and the contractual terms of the Board members and the Senior officers of the Bank, and to authorize the Board members, in accordance with Articles 158 and 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2020 all the operations described in the special report of both the Board of Directors and the auditors. - To determine the Auditor’s remuneration for the fiscal year 2020 and the Board of Directors and Board Committee members’ emoluments for the fiscal year 2020. – Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2019, general and special reports of both the Board and the auditors for the fiscal year 2019, consolidated profit and loss account, consolidated balance sheet and relevant auditor’s report as well as the list of the shareholders will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Thursday July 2, 2020:
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Byblos Bank s.a.l. (the “Bank”) announces that it has applied for the cancellation of the listing of its Global Depositary Receipts (the “GDRs”) (Regulation S: US12431A1016) from the Official List of the UK Financial Conduct Authority and the cancellation of the admission to trading of its GDRs from the London Stock Exchange with effect from 30 July 2020. 1 Reason for the Delisting: The Bank applied for the cancellation for the listing and trading of its GDRs due to the low volume of GDRs traded on the London Stock Exchange. The Bank believes that, given the limited liquidity of the GDRs, the costs and administrative burden of maintaining the listing of the GDRs on the Official List and admission to trading on the London Stock Exchange are disproportionate to the benefits thereof. 2 Continuation of Listing on the Beirut Stock Exchange: Each GDR represents 50 common shares of the Bank (the “Shares”). The Shares of the Bank represented by the GDRs will continue to be listed and traded on the Beirut Stock Exchange. 3 Global Deposit Receipt Programme: The Bank is not terminating its Global Deposit Receipt Programme. Accordingly, following the delisting from the London Stock Exchange, all GDRs will remain outstanding. For further information, contact Investor Relations: investor-relations@byblosbank.com.lb
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Solidere S.A.L. – Monday June 29, 2020:
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Solidere SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2019.
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Solidere S.A.L. – Monday June 29, 2020:
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Solidere SAL publishes the Auditors’ Report and the Separate Financial Statements for the year ended December 31, 2019.
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Solidere S.A.L. – Thursday June 25, 2020:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Thursday July 16, 2020 at Seaside, Beirut Waterfront, Downtown, to discuss the following agenda: - Examine the Board of Director’s Report for 2019. - Examine the Auditors’ Reports related to the Separate Financial Statements and the Consolidated Financial Statements for 2019. - Examine the accounts, the Financial Statements and the Consolidated Financial Statements for 2019. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2019. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Thursday August 06, 2020 at Sea Side, Beirut Waterfront, Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Thursday, August 27, 2020 at Sea Side, Beirut Waterfront, Downtown.
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BLOM Bank – Wednesday June 24, 2020
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Blom Bank SAL informs its shareholders that the Bank extended the deadline for CCC process till further notice. A new announcement will be published before August 20, 2020
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BLOM Bank – Wednesday June 24, 2020
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Directorate Change:
Resignation of Mr. Amro Azhari from the Board of Directors.
Appointment of Mr. Charles Haddad, Mr. Gerar Rizk, and Mr. Malek Kasta as Assistant General Managers.
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BLOM Bank – Tuesday June 23, 2020
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We are pleased to notify you that the Board of Directors of BLOMBANK S.A.L. convened on Friday, June 19, 2020 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Wednesday, July 15, 2020 (15/07/2020) at 12:00 p.m. at the Bank’s Headquarters in Beirut, Verdun, Rachid Karami Street, BLOM BANK S.A.L. building (Block A -7th Floor), in order to discuss the following agenda items: - To amend some articles of the Bank’s By-Laws (Articles of Association) in accordance with the amendment of the Code of Commerce on 01/04/2019, and which became effective on 01/07/2019. - Any other matter,
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BLOM Bank – Tuesday June 23, 2020
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The Board of Directors of BLOM BANK S.A.L. took the decision to call the shareholders of the Bank to hold the Annual Ordinary General Assembly Meeting on Wednesday, July 15, 2020 (15/07/2020) at 11:00 a.m. At the Bank’s Headquarters, in order to discuss the following agenda items: - To examine the general reports of the Board of Directors and External Auditors and to approve the Bank’s accounts, in particular the balance sheet and the profit and loss account for the year ended 31/12/2019. - To examine the special reports of the Board of Directors and External Auditors in accordance with article 158 of the Code of Commerce and article 152 of the Code of Money and Credit for the year ended 31/12/2019, and to ratify the transactions detailed therein. - To allocate the results of the financial year 2019 in accordance with the proposal of the Board of Directors. - To discharge the chairman and Board members in respect to their activities performed during the year 2019. - To elect a new Board of Directors. - To determine the remunerations (attendance allowances) of the Chairman and Board members for the year 2020. - To determine the remunerations of the Chairman – General Manager, Group Secretary, General Managers and Deputy General Managers for the year 2020. - To grant authorization to the Board members in accordance with article 158 of the Code of Commerce and article 152 of the Code of Money and Credit. - To authorize the Board members to take part in the management of similar companies, in accordance with article 159 of the Code of Commerce. - To authorize the Company to carry on transactions, in accordance with article 158 of the Code of Commerce and article 152 of the Code of Money and Credit. - To appoint External Auditors for BLOM BANK SAL – Jordan Branches. - Any other matter
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Solidere S.A.L. – Friday June 19, 2020:
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Solidere announces that the unaudited sales that will be realized during the year 2020 amounted to about 341.9 million USD. During 2020, the company repaid its debts and other banking facilities, amounting to approximately $ 190 million. The company also paid the largest portion of its dues to contractors and suppliers, thereby reducing the total liabilities from $414 million as of December 31, 2019 to $225 million at the date of this announcement, knowing that most of the remaining liabilities are due within several years or will be realized within the revenues according to the accounting requirements. Cash reserves in banks increased substantially during the year 2020, which enhances the liquidity of the company and its ability to face urgent and future challenges
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Byblos Bank S.A.L. - Thursday June 18, 2020:
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This announcement is made by Byblos Bank S.A.L. (the “Bank”) in respect of the U.S.$300,000,000 6.5% Convertible Fiduciary Notes due 2022 (the “Fiduciary Notes”) issued on a fiduciary basis by The Bank of New York Mellon (Luxembourg) S.A. (since replaced as Fiduciary by Mitsubishi UFG Global Custody S.A.) for the sole purpose of financing a subordinated loan to the Bank. The Fiduciary Notes are pass-through instruments and, as such, do not constitute direct debt obligations of the Fiduciary. The Fiduciary’s payment obligations in respect of the Fiduciary Notes are conditional upon the receipt of payments by the Bank in respect of the Subordinated Loan. The Fiduciary is not obliged to pay amounts under the Fiduciary Notes from its own funds. Under the Terms and Conditions of the Fiduciary Notes, the Bank shall (in accordance with Central Bank Decision № 6830) pay interest on the subordinated loan (which would then be passed on to the holders of the Fiduciary Notes) if the Bank has Sufficient Available Profit for the Relevant Quarter, being the calendar quarter when the interest payment is due. In light of developments in the Lebanese Republic, including the announcement that the Republic will not make payments on its Eurobonds and the corresponding impact on the financial condition of Lebanese banks, including the Bank, the Bank’s management has determined that the Bank will not have Sufficient Available Profits for the Relevant Quarter for the quarter ending 30 June 2020 or any profit at all. As a result, the Bank will not make an interest payment on the subordinated loan. The Fiduciary will, therefore, not pass on such amounts representing interest payments to the holders of the Fiduciary Notes on next the interest payment date, which is 30 June 2020.
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BLC Bank SAL – Tuesday June 09, 2020.
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BLC Bank SAL publishes the agenda of Cash Contribution to Capital. (Agenda - Arabic)
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BLC Bank SAL – Friday June 05, 2020.
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BLC Bank SAL publishes the minutes of meeting of the Ordinary General Assembly of shareholders of January 30, 2020. (Minutes of Meeting in Arabic)
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BLOM Bank – Thursday May 21, 2020
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BLOM Bank SAL announces that, on April 07, 2020, Mr. Mohammad Yassine Rabah resigned from the Board of Directors and from all Board’s committees of the Bank.
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BLOM Bank – Tuesday May 19, 2020
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Blom Bank SAL informs its shareholders that the Bank extended the deadline for CCC process till further notice. A new announcement will be published before June 19, 2020.
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Bank Audi SAL- Tuesday May 19, 2020:
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Subject: Talks for the Sale of Bank Audi sae (Egypt) Stopped
Beirut, May 18, 2020
Bank Audi announced today that it has mutually agreed with First Abu Dhabi Bank (FAB) to stop the transaction process regarding the sale to FAB of its fully-owned subsidiary in Egypt (Bank Audi-Egypt), due to the unprecedented circumstances and uncertain outlook relating to the COVID-19 pandemic. The two banks have held productive discussions over the past few weeks, with significant progress made on many points. Bank Audi would like to thank the FAB team for their support and cooperation during the diligence and the broader transaction process. Commenting on the termination of the negotiations, Bank Audi’s Group CFO Tamer Ghazaleh stated “Despite the absence of a concluding transaction, that was made impossible by the Covid-19 pandemic, we are very happy with the outcome of the negotiations that have confirmed the outstanding qualities of Bank Audi Egypt, and are proud that it remains a flagship of our Group.”
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BLOM Bank – Thursday April 16, 2020
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Blom Bank SAL informs its shareholders that the Bank extended the deadline for CCC process till further notice. A new announcement will be published before May 08, 2020. For more information you can call the Bank at 01 758000.
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Eid Al Fitr:
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Monday, May 25, 2020 and Tuesday, May 26, 2020.
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Temporary closure of Beirut Stock Exchange
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In line with the cabinet’s decision declaring a state of general mobilization throughout the country to reduce the spread of the COVID-19 Coronavirus, the Beirut Stock Exchange will be closed Thursday May 14 and Friday May 15, 2020.
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Feast of Annunciation – Wednesday March 25, 2020:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Wednesday, March 25, 2020.
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Bank Audi SAL- Wednesday March 18, 2020:
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The Beirut Stock Exchange decided to list, as of March 23, 2020, additional 188,789,011 common shares issued by Bank Audi SAL. These shares will be added to the previously listed common shares of the Bank; therefore the total number of common listed shares of Bank Audi SAL becomes 588,538,215 common shares. (Circular 492/2020)
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Banque BEMO SAL – Tuesday March 17, 2020:
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The General Assembly of shareholders of Banque BEMO SAL held a meeting on March 02, 2020 and resolved to approve the contracts signed between a group of shareholders and the Bank relating to cash contribution to capital. (Minutes of Meeting - Arabic)
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Resumption of trading - Tuesday March 17, 2020.
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The Beirut Stock Exchange announces that it will resume trading starting Tuesday, March 17, 2020.
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Temporarily closure of the Stock Exchange
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In line with the Cabinet’s decision to declare a state of general mobilization in the country, to confront the spread of the coronavirus, the Beirut Stock Exchange announces that the stock market will temporarily close for today Monday, March 16, 2020.
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Byblos Bank S.A.L. - Thursday March 12, 2020:
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Byblos Bank SAL publishes the terms of a loan to be made to Byblos Bank SAL in respect of Cash Contribution to Capital. Term Sheet can be viewed by using this link.
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Bank Audi SAL- Monday March 9, 2020:
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All the resolutions set out in the Information Statement dated February 17, 2020 were duly passed: First resolution: Confirmation of the adequate completion of the procedures for the increase of the Bank’s capital through the issuance of 188,789,011 common shares he Extraordinary General Meeting of shareholders of Bank Audi sal, having reviewed all submitted documents, declares that: - 188,789,011 common shares with a nominal value of LL 1,670 each, have been issued, and their aggregate nominal value amounting to LL 315,277,648,370 has been fully paid; - The capital increase has been subscribed to and paid within the set period by the persons listed in the report, stamped by the Central Bank of Lebanon, and submitted to the assembly, showing the number of shares allocated to each. (Read More)
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Bank of Beirut S.A.L. - Thursday March 5, 2020:
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The Board of Directors of Bank of Beirut sal invites shareholders to attend an ordinary general assembly, to be held in accordance with the quorum and the majority legally required to amend the By-Laws of the Bank. The meeting will be held at 11:00 am on March 20, 2020 at the Bank’s Head Office located in Foch St, Beirut Downtown to discuss the following agenda: - Approve the decisions of the Board of Directors of December 17, 2019 relating to cash contribution to capital. - Approve the terms of the cash contribution to capital. – Approve the authorization granted by the Board of Directors pursuant to the provisions of article 158 of the Code of Commerce relating to Cash Contribution to Capital.
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Solidere S.A.L. – Friday February 28, 2020:
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Recently, false information is being circulated about Solidere's sales since the beginning of 2019. In this regard, Solidere is interested in clarifying the truth and publishes the exact numbers of sales operations that have been signed and whose revenues will be achieved during 2019 and 2020: - For the year 2019 (total sales contracts reached $250,122,600 to be fully or partially achieved during 2019). - For the year 2020: (total sales contract reached $112,789,400 until the date of this announcement). Total: $362,912,000 (for 2019 and 2020 till the date of this announcement). Solidere assures that it will publish periodically the amounts of signed sales contracts in order to confirm the accuracy of the information circulated.
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BLOM Bank SAL - Thursday February 27, 2020
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BLOM Bank SAL is pleased to inform its shareholders that the extraordinary general assembly of the bank held on January 14, 2020 decided, in implementation of the intermediary decision of Banque Du Liban No. 13129 dated November 04, 2019 relating to the amendment of Basic Decision No. 6939 of March 25, 1998 concerning the regulatory framework for the adequacy of capitals of banks operating in Lebanon, to increase the Bank’s Tier One Capital in accordance with the provisions of the Term Sheet of the Cash Contribution to Capital approved by the above-mentioned assembly.
Cash Contribution to Capital can be convertible into shares, according to the conditions detailed in the Term Sheet. Accordingly, the shareholders who paid cash contribution are entitled to convert these contributions into ordinary shares in the bank’s capital according to the conditions and mechanism detailed in the Term Sheet.
The Bank invites shareholders, willing to participate in the CCC process within a deadline that ends on April 03, 2020, to review the Term Sheet available at the branches of BLOM Bank SAL.
For more information, please contact any of the Bank's branches in Lebanon.
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Byblos Bank S.A.L. - Monday February 24, 2020:
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The Extraordinary General Assembly of shareholders of Byblos Bank SAL convened on February 21, 2020 and approved the cash contribution to capital agreement, in the amount of USD 135 million, convertible into common shares. The above decision is subject to the approval of Banque Du Liban. For more information you can call Mr. Elie Wehbe: Phone number 01-335200 ext. 0325 or by email at ewehbe@byblosbank.com.lb
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Bank Audi SAL- Monday February 24, 2020:
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All the resolutions set out in the Information Statement dated 23 January 2020 were duly passed: First resolution: Agree to the receipt of USD denominated cash contributions to capital convertible into common shares, and set their amount, terms and conditions: Description: The Extraordinary General Meeting of Shareholders agreed to the receipt of USD denominated cash contributions to capital for up to USD 209,556,181,35 convertible into common shares, in accordance with terms and conditions listed in their Term Sheet. Cash Contributions are accepted from the holders of Common Shares as listed in the report of the Chairman of the Board. Conversion, if resolved, is made through the issuance by the Bank of a new common share for every USD 1.11 of Cash Contributions and the nominal value of each new common share is paid through the transfer (from the free LL reserve account to the capital account) of an amount in Lebanese pounds equivalent to the nominal value of such new share. The aggregate USD amount so transferred to the reserve account is not distributable without the approval of the Central Bank of Lebanon. Associated taxes and fees are payable by the Bank. Second resolution: (Read More)
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Bank Audi SAL- Friday February 21, 2020:
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The Extraordinary General Assembly of Shareholders of Bank Audi sal convened earlier today and approved USD denominated cash contributions, from the Bank’s shareholders, in an amount of USD 210 million. The General Assembly also resolved to convert said cash contributions into ordinary shares of the Bank. The aforementioned actions remain subject to the approval of the Central Bank of Lebanon and fall within the first phase of the increase of equity that was requested from all banks by the Central Bank of Lebanon. The Board of Directors wishes to express its gratitude to the shareholders. Their eagerness to contribute, as evidenced by the sizable volume of cash contributions received, is a renewal of their valuable commitment to stand by the Bank in the prevailing circumstances that the country is going through.
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Bank Audi SAL- Friday February 18, 2020:
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Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and The Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to the Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share with a nominal value L.L. 1,670 (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Read more)
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Bank Audi SAL- Friday February 18, 2020:
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The Board of Directors of Bank Audi sal invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday March 6, 2020 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - Verification of the completion of the procedures for the increase in the Bank’s capital through the conversion of the Cash Contributions into common shares in accordance with the resolution of the Extraordinary General Meeting held on February 20, 2020; - Listing of the newly-issued Common Shares on the Beirut Stock Exchange; - and Discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Memorial Day of P.M. R. Hariri- Friday February 14, 2020:
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On the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Friday February 14, 2020.
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Banque BEMO S.A.L. - Thursday February 06, 2020:
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The Board of Directors of Banque BEMO S.A.L. invites shareholders to attend an Ordinary General Meeting to be held at 9:00 a.m. on Monday, March 02, 2020 at the Bank’s Offices, BEMO bldg. 2nd Floor, Elias Sarkis Street, Ashrafieh, to discuss the following agenda: - Review and approve the contract of cash contribution to capital pursuant to the provisions of the intermediate circular of the Central Bank of Lebanon Nb. 532 relating to capital adequacy regulatory framework for all banks operating in Lebanon. – Other topics.
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Banque BEMO S.A.L. - Thursday February 06, 2020:
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Banque BEMO S.A.L. publishes the minutes of meeting of the General Assembly of December 23, 2019 (No quorum). Minutes of meeting
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Byblos Bank S.A.L. - Friday January 24, 2020:
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The shareholders of Byblos Bank SAL are invited to attend the Extraordinary General Assembly to be held at Byblos Bank Headquarters in Achrafieh, Elias Sarkis Avenue, at 9:00 am on Friday 21 February 2020, in order to discuss and decide on the matters listed on the following agenda: - To approve the signature of a cash contribution to capital agreement in the amount of USD/135,000,000/ (one hundred thirty-five million United States dollars) convertible into Byblos Bank SAL shares. - To approve the increase of Byblos Bank SAL capital in stages not exceeding in the aggregate USD/135,000,000/ (one hundred thirty-five million United States dollars), available for subscription by the holders of cash contribution to capital only and determine the terms of the capital increase. - Miscellaneous. The Board of Directors’ report on the agreement of cash contribution to capital convertible into shares, the main terms of the agreement, and the auditors’ report will be made available to the shareholders at the headquarters of Byblos Bank SAL in Beirut-Achrafieh, Elias Sarkis avenue, during the regular business hours 25 days at least before the meeting.
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Bank Audi SAL- Friday January 24, 2020:
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Increase in Core Equity
Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of the Bank’s capital have already indicated their willingness to contribute, a valuable token of their commitment to Bank Audi and to Lebanon, particularly in the exceptional circumstances the country is currently going through. The remaining shareholders are also invited to participate in the cash contributions in order to increase the Bank’s Common Equity Tier One by 10%.
The terms of the cash contributions, proposed by the Board of Directors in its meeting dated 26 December 2019, include a conversion provision, pursuant to which cash contributions may be converted into common shares. The conversion is expected to happen upon the final acceptance by the extraordinary general assembly of shareholders which will be held on 20 February 2020.
Negotiations to sell Bank Audi sae (Egypt)
Bank Audi is currently conducting exclusive negotiations with First Abu Dhabi Bank to sell its subsidiary in Egypt, (Read more)
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Bank Audi SAL- Thursday January 23, 2020:
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January 23, 2020
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and The Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to the Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share with a nominal value L.L. 1,670 (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Read more)
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Bank Audi SAL- Thursday January 23, 2020:
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The Board of Directors of Bank Audi sal invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Thursday February 20, 2020 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - Agree to the receipt of USD denominated cash contributions to capital convertible into common shares (“Cash Contributions”), and set their amount, terms and conditions; - Approve the conversion of the Cash Contributions into common shares; - Increase the Bank’s capital following the conversion of the Cash Contributions into common shares; - Amend articles 6 and 8 of the Bank’s By-Laws to reflect the above; - Submit the actions described in items 1, 2 and 3 for approval by Banque du Liban, the central bank of Lebanon; and - Grant the Chairman of the Board of Directors (acting singly) or any 2 Directors – General Managers (acting jointly) the necessary powers in order to implement the foregoing resolutions.
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Bank Audi SAL- Thursday January 23, 2020:
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In its meeting held on December 26, 2019, the Board of Directors of Bank Audi sal resolved to propose to the Extraordinary General Assembly of Shareholders the acceptance of USD denominated cash contributions to capital convertible into common shares. Participation in the Cash Contributions is restricted to the holders of the Bank’s common shares who are willing to participate. The Cash Contributions are accepted in application of the first stage of circular no. 532 issued by Banque du Liban, the central bank of Lebanon on November 4, 2019.
The Board of Directors also proposed to the Extraordinary General Assembly of Shareholders the conversion of the aforementioned Cash Contributions into common shares, subject to the approval of the central bank.
Holders of common shares are permitted to participate pro rata to their holdings of shares. Any Cash Contribution not subscribed for in the initial allocation may be re-allocated to holders of shares who participate in the offer on a pro rata basis to their holdings.
Holders of the Bank’s common shares willing to participate in the cash contributions, pursuant to the requirements of the central bank circular, and as per the above, are invited to contact their branches or the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, on or before 17/02/2020 inclusive, in order to review the Term Sheet, sign the necessary documents and pay the amounts of their subscriptions.
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BLOM Bank SAL - Thursday January 16, 2020
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BLOM Bank S.A.L. (Bank) is pleased to inform its Shareholders that the Extraordinary General Assembly held on January 14, 2020 at the Bank’s Headquarters approved the terms and conditions of the first increase of the Bank’s Tier One Capital by 10% of its Common Equity Tier One, in an amount equivalent to US$ 261.94 million (two hundred sixty-one million nine hundred forty thousands) through cash contributions to capital (CCC) in U.S. dollar in accordance with the provisions of BDL (Central Bank of Lebanon) intermediate circular No. 532 (intermediate Decision No. 13129) dated 4/11/2019. The CCC will constitute Additional Tier One Capital to the Bank.
Each holder of Shares or GDRs (acting through the Depositary) will have the right to participate in the CCC. The CCC are perpetual, subject to full or partial conversion into shares during each of the next five years. The Bank may pay interest annually on the CCC. The terms and conditions of the CCC will be detailed in a Term Sheet to be made available to the shareholders in due course.
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BLC Bank S.A.L. - Wednesday January 08, 2020:
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The Board of Directors BLC Bank sal invites shareholders to attend an ordinary general assembly, to be held in accordance with the quorum and the majority legally required to amend the By-Laws of the Bank. The meeting will be held at 11:00 am on January 30, 2020 at the Bank’s Head Office located in Adlieh Beirut, BLC Bank Bldg. To discuss the following agenda: - Increase the cash contribution to capital pursuant to the provisions of the intermediate circular No. 532 of the Central Bank of Lebanon, and specify the mechanism and terms of the increase. - Grant the Board of Directors and / or Chairman of the Board the necessary powers to implement the decisions of the General Assembly, and give him the right to delegate all or some of these powers. - Other topics
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Armenian Christmas Day – Monday January 06, 2020:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Monday, January 06, 2020.
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New Year Holiday – Dec 31, 2019 & Jan 01, 2020.
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On the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Tuesday, December 31, 2019 and on Wednesday, January 01, 2020. Trading will be resumed on Thursday, January 02, 2020
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Byblos Bank S.A.L. - Thursday December 19, 2019:
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The Board of Directors of Byblos Bank approved an increase of the Bank’s capital in the amount of USD 135 million, being the equivalent of 10% of its Common Equity Tier One, through the issuance of cash contribution interests. The increase in capital is in implementation of BDL intermediate circular No 13129, dated November 4, 2019. The cash contribution interests can be converted into common equity each year for the next five years at a conversion ratio of LBP 1,515. The core shareholders of Byblos Bank, including Byblos Invest Holding, which collectively hold around 50% of the share capital, have indicated their approval, in principle, to take part in this capital increase, thus demonstrating their commitment to the Bank and to Lebanon, while hoping that the operating environment in Lebanon would improve through the political authorities taking necessary measures to reduce government expenditures and budget deficit, and implementing needed structural reforms to contain the economic and financial crisis and re-launch the economy.
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BLOM Bank SAL - Monday December 16, 2019
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We are pleased to notify you that the Board of Directors of BLOM Bank SAL convened on Friday, December 13, 2019 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Tuesday, January 14, 2020 at 12:00 p.m. at the Bank’s Headquarters in Beirut, Verdun, Rachid Karami Street, BLOM Bank SAL building (Block A – 7th floor), in order to discuss the following agenda items: - to review and approve the Cash Contribution to Capital Instruments (CCCI) in implementation of the terms of Banque Du Liban (BDL) Intermediate Decision no. 13129 (related to Intermediate Circular no. 532) on the “Capital Adequacy Regulatory Framework for Banks Operating in Lebanon” issued on 4/11/2019. – Any other matter.
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BLOM Bank SAL - Monday December 2, 2019
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BLOM Bank announced that Mr. Saeb El Zein has submitted his resignation, as of November 14, 2019, from the Board of Directors and from all Board committees of the bank.
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Banque BEMO S.A.L. - Wednesday November 27, 2019:
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The Board of Directors of Banque BEMO S.A.L. invites shareholders to attend an Ordinary General Meeting to be held at 9:00 a.m. on Monday, December 23, 2019 at the Bank’s Offices, BEMO bldg. 2nd Floor, Elias Sarkis Street, Ashrafieh, to discuss the following agenda: - Review and approve the contract of cash contribution to capital pursuant to the provisions of the intermediate circular of the Central Bank of Lebanon Nb. 532 relating to capital adequacy regulatory framework for all banks operating in Lebanon. – Other topics.
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Independence Day – Friday November 22, 2019:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Friday, November 22, 2019.
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De-listing of a maturing Eurobond Issue – Wednesday November 20, 2019:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday, November 21, 2019 the Lebanese Republic Eurobond Issue labeled Series number 60, worth USD /1,500,000,000/, carrying an Interest rate of 5.45% and maturing on November 28, 2019. Circular 490/2019
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Bank Audi SAL- Tuesday November 12, 2019:
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Bank Audi announced that Mr. Aristidis Vourakis, a Greek national, has submitted his resignation as Member of the Board and Deputy Group CEO, a position he has held since April 2017. Mr. Vourakis has decided to resign for personal reasons.
Mr. Samir Hanna, Chairman and Group CEO, acknowledged the resignation of Mr. Vourakis and thanked him for his valuable contributions throughout his tenure at the Bank, wishing him every success in his new endeavors.
Mr. Vourakis declared: “In the context of the current crisis in Lebanon and the constrained appetite for investments, I preferred to pursue other opportunities outside the country. I would like to wish everyone in Lebanon a prompt return to normal conditions and economic growth. I would also like to thank all my Bank Audi colleagues for their cooperation, and firmly believe that they are well prepared to drive Bank Audi stronger.”
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Prophet’s Birthday – November 11, 2019
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On the occasion of the Prophet’s Birthday, there will be no trading at
the Beirut Stock Exchange on Monday, November 11, 2019.
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Bank Audi SAL- Friday November 1, 2019:
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Since 17 October 2019, there have been large scale protests in Lebanon, which has been facing significant adverse developments in its monetary and fiscal positions. On 29 October 2019, the President of the Council of Ministers, Mr. Saad Hariri, tendered his resignation to the President of the Republic, which resulted in the resignation of the entire Government. Banks in Lebanon, including Bank Audi s.a.l., have been closed since 18 October 2019 and are set to reopen on 1 November 2019. In accordance with applicable Lebanese regulations, Lebanese banks with listed securities on the Beirut Stock Exchange, as is the case for Bank Audi s.a.l., are required to publish their results as at, and for the nine months ended, 30 September 2019 by 31 October 2019. In light of the above circumstances, the Bank expects the aforementioned local regulatory requirement to be temporarily waived and will thus be postponing the publication of its third quarter financial results beyond the aforementioned date.
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Resumption of Trading
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Today November 1, 2019, will be a normal trading day at the Beirut Stock Exchange. (Circular 489/2019)
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Bank of Beirut S.A.L. - Friday October 04, 2019:
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On September 17, 2019 a shareholder of Bank of Beirut SAL Mr. Harout Khajatorian sold to Mrs. Maria Laoun Semerjian the following shares: Bank of Beirut Common Listed shares: 517,011 Shares at a price of USD 18.80 per share, 223,201 Common non-listed Shares and 240,000 Priority Shares at a price of USD 21.00 per share.
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Bank Audi SAL- Monday September 23, 2019:
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The Beirut Stock Exchange decided to de-list /250,000/ GDRs linked to the shares of Bank Audi SAL from the official market of the stock exchange. These GDRs will be deducted from the previously listed /119,889,761/ GDRs; therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /119,639,761/ GDRs. (Circular 487/2019)
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Achoura– Tuesday September 10, 2019:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Tuesday, September 10, 2019. Trading will be resumed on Wednesday, September 11, 2019.
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Bank Audi SAL- Friday September 06, 2019:
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The Beirut Stock Exchange decided to de-list /35,000/ GDRs linked to the shares of Bank Audi SAL from the official market of the stock exchange. These GDRs will be deducted from the previously listed /119,924,761/ GDRs; therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /119,889,761/ GDRs. (Circular 486/2019)
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Hegria New Year – Monday September 02, 2019:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Monday, September 02, 2019. Trading will be resumed on Tuesday, September 03, 2019.
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BLC Bank S.A.L – Thursday August 22, 2019:
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The Beirut Stock Exchange decided to de-list the 350,000 Series C Preferred Shares issued by BLC Bank SAL from the official market of the stock exchange as the Bank completed the cancelation process of these shares and took note that the Bank issued and distributed for free 350,000 new Common shares to shareholders on record as at April 03, 2019; as a result the Bank’s share capital is now composed as follows: /214,000,000/ common shares (71,033,333 shares are listed and 142,966,667 are not listed), /750,000/ series D preferred shares (100% listed) and /263,510/ series E preferred shares (100% listed). Circular 485/2019
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Assumption of the Virgin Mary - Thursday August 15, 2019:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Thursday, August 15, 2019. Trading will be resumed on Friday, August 16, 2019.
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Solidere S.A.L. – Friday August 9, 2019:
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The Ordinary General Assembly of shareholders of Solidere held a meeting on Monday, July 29, and decided to approve the company’s accounts, in particular the statement of financial position and the statement of profit or loss for the year ended December 31, 2018 as well as the consolidated statement of financial position and the consolidated statement of profit or loss for the year 2018. The Ordinary General Assembly also decided to give the Chairman, members of the Board of Directors and investors possessing more than five percent of the voting rights, the authorization stipulated in articles 158 and 159 of the Code of Commerce and decided to discharge the Chairman and members of the Board of Directors in respect of activities performed during the year 2018. (Minutes of Meeting – Arabic)
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Eid Al Adha
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on Monday, August 12, 2019 and on Tuesday, August 13, 2019. Trading will be resumed on Wednesday, August 14, 2019.
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Bank Audi S.A.L. - Wednesday July 31, 2019:
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Bank Audi SAL publishes its Consolidated Unaudited Financial Results for the period ended June 30, 2019. Report can be accessed by using the following URL:
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Bank Audi S.A.L. - Monday July 29, 2019:
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Bank Audi s.a.l. announces that Dr. Freddie C. Baz has decided to step down from his position as Member and Vice-Chairman of the Board of Directors. The Board acknowledged said resignation on 26 July 2019 and appointed Mr. Marc J. Audi as a new Vice-Chairman for the remainder of the current Board’s term. Freddie Baz said: “Having spent 28 years with the Bank Audi Group, out of my 49 years of professıonal life, I believe I have realized most of my wishes and ambitions for the Bank and am proud to see it leading the Lebanese banking sector. After careful reflection, and in consultation with the Board of Directors, I have decided to devote myself now to other activities that have always captured my interest, notably in art, culture and social volunteering. I am comforted in my decision by the presence of many talents in the Bank that we have formed throughout the years, and are now ready to drive the Group towards new horizons. Bank Audi remains a part of me, and I will stay very close to it." Samir Hanna, Chairman and Group CEO said: "On behalf of the Board, I would like to thank Dr. Baz for his services to the Bank Audi Group over more than 28 years. His numerous contributions have been very valuable for the growth and expansion of the group. We will always remember, in particular, his conscientiousness and rigor, so nicely spiced up with his exceptional sense of humor. We thank him for his dedication and commitment and wish him well".
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Solidere S.A.L. – Friday July 5, 2019:
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As the Ordinary General Assembly was invited to meet for the first time on June 28, 2019 but the quorum wasn’t reached, the Board of Directors of Solidere SAL invites all shareholders to attend the Ordinary General Assembly to be held at 9:30 am on July 29, 2019 at Sea Side, Beirut Waterfront, Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2018. - Examine the Auditors’ Reports related to the Separate Financial Statements and the Consolidated Financial Statements for 2018. - Examine the accounts, the Financial Statements and the Consolidated Financial Statements for 2018. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2018.
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S L des Ciments Blancs S.A.L. – Wednesday June 26, 2019:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on June 24, 2019 relating to the distribution of dividends Societe Libanaise des Ciments Blancs SAL announces that dividends set at LBP /450/ per share (net of distribution tax), will be paid starting July 16, 2019 for holders of shares as at July 09, 2019 (Record date).
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Holcim (Liban) S.A.L. – Thursday June 20, 2019:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on June 19, 2019 relating to the distribution of dividends, Holcim (Liban) SAL announces that dividends set at LBP /351/ per share (net of distribution tax), will be paid starting July 16, 2019 for holders of shares as at July 09, 2019 (Record date).
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Banque BEMO S.A.L. – Tuesday june 18, 2019:
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The Extraordinary General Assembly of shareholders of Banque BEMO S.A.L. held a meeting on May 06, 2019 and decided to distribute free shares to common shareholders on record as at June 21, 2019 on the basis of one free share for every four common shares held; therefore the Ex-free shares distribution date of Banque BEMO common shares is Wednesday, June 19, 2019. Distribution of the free common shares is expected to start on June 24, 2019.
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Rasamny Younis Motor Company S.A.L. – Friday June 14, 2019:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites shareholders of the Company to attend an Annual General Assembly Meeting at 10:00 a.m. on Friday, June 28, 2019 at the Company’s Headquarters to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2018. - Examine the Auditors’ General and Special reports for the year 2018. - Approve the accounts of the year 2018 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2018. – Approve the operations that occurred between the Company and some Board members during the year 2018 and give prior authorization to the Board members according to article 158 of the Code of Commerce. - Give prior authorization to the Board members according to article 159 of the Code of Commerce. Give the Board of Directors the authorization to take credits from banks. – Fix the remuneration of the chairman and Board members for the year 2019. – Approve the signing of financing contracts with United Automotive Agency SAL and R Y Properties SAL. – Appoint the External Auditor for the year 2019 and fix his audit fees. – Elect a new Board of Directors. – Other topics.
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BLC Bank SAL- Wednesday June 12, 2019:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on June 12, 2019 and resolved to approve the bank’s accounts for the year 2018. The General Assembly declared distribution of dividends for holders of Preferred shares series D and series E as follows: I - Dividends before distribution tax (10%): Preferred Shares Series D: USD 6.75 per share; Preferred Shares Series E: USD 2.72 per share. II - Dividends net of distribution tax (10%): Preferred Shares Series D: USD 6.075 per share; Preferred Shares Series E: USD 2.448 per share. III - Important dates: 17 June 2019: Dividend record date. 13 June 2019: Ex-dividend date. 18 June 2019: Dividend payment date.
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S L des Ciments Blancs S.A.L. – Wednesday June 12, 2019:
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Societe Libanaise des Ciments Blancs SAL publishes the Report of the Board of Directors addressed to the Annual General Meeting of June 24, 2019.
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S L des Ciments Blancs S.A.L. – Wednesday June 12, 2019:
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Societe Libanaise des Ciments Blancs SAL publishes: the Special Report of the Board of Directors addressed to the Annual General Assembly of June 24, 2019 and the Auditors’ Special Report drafted in accordance with article 158 of the Lebanese Code of Commerce for the year ended December 31, 2018.
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Solidere SAL- Tuesday June 11, 2019:
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Announcement issued by Solidere SAL relating to the Financial Results for the year 2018. (Full Report – Arabic)
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Holcim (Liban) S.A.L. – Tuesday June 11, 2019:
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Holcim (Liban) SAL publishes the Report of the Board of Directors addressed to the Annual General Meeting of June 19, 2019
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Holcim (Liban) S.A.L. – Tuesday June 11, 2019:
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Holcim (Liban) SAL publishes: the Special Report of the Board of Directors addressed to the Annual General Assembly of June 19, 2019 and the Auditors’ Special Report drafted in accordance with article 158 of the Lebanese Code of Commerce for the year ended December 31, 2018
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S.L. des Ciments Blancs SAL- Monday June 10, 2019:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Ordinary General Assembly Meeting at 10 am on Monday, June 24, 2019 at the at the offices of Holcim (Liban) S.A.L. in Dbayeh, to discuss the following agenda: - Approve the financial statements for the year 2018 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2018. - Examine and approve the Auditors’ report for the year 2018. - Examine and approve the Board of Director’s report drafted according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report drafted according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Appoint the External Auditors for the year 2019 and fix their remunerations. - Distribute dividends.
To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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Solidere SAL- Friday June 7, 2019:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday June 28, 2019 at Seaside, Beirut Waterfront, Downtown, to discuss the following agenda: - Examine the Board of Director’s Report for 2018. - Examine the Auditors’ Reports related to the Separate Financial Statements and the Consolidated Financial Statements for 2018. - Examine the accounts, the Financial Statements and the Consolidated Financial Statements for 2018. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2018. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 29, 2019 at Sea Side, Beirut Waterfront, Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, August 19, 2019 at Sea Side, Beirut Waterfront, Downtown.
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Eid Al Fitr (adjusted)
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange from Tuesday, June 04, 2019 till Thursday, June 06, 2019. Trading will be resumed on Friday, June 07, 2019.
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BLOM Bank S.A.L. - Wednesday May 29, 2019:
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BLOM Bank announces the resignation of Mr. Elias Aractingi as a General Manager as of June 30, 2019 and the appointment of Mr. Mounir Toukan as Assistant General Manager. (Extract from Board Meeting)
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BLOM Bank S.A.L. - Wednesday May 29, 2019:
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BLOM Bank announces that Dr. Jassem Mannai has resigned from the Bank’s Board of Directors. (Extract from Board Meeting)
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Holcim (Liban) SAL- Tuesday May 28, 2019:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday, June 19, 2019 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2018 and give the Board of Directors complete clearance for the business of the year 2018. - Approve the report of the Board of Directors for the year ended December 31, 2018. - Approve the report of the Auditors for the year ended December 31, 2018. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2019 and fix their fees. Distribute Dividends. - Give the members of the Board the authorization stipulated in article 29 of the company’s by-laws. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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BLC Bank S.A.L. - Monday May 20, 2019:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 12:00 pm on June 12, 2019, at the Bank’s Head Office in Adlieh Beirut, BLC Bank Bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the year 2018. - Examine the Reports of the Auditors for the year 2018. - Give proper authorizations as per Articles 158 & 159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the Bank’s accounts for the year 2018. - Give full discharge to the Board of Directors. - Allocate the results of the year 2018. - Elect a new Board of Directors. - Appoint External Auditors. - Other topics.
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Bank of Beirut S.A.L. – Friday May 17, 2019:
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Bank of Beirut SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018
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Funeral of Patriarch Sfeir – Thursday May 16, 2019:
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The Beirut Stock Exchange announces the closure of the stock market on Thursday, May 16, 2019, the day of the funeral of Patriarch Mar Nasrallah Boutros Sfeir. Trading will resume on Friday May 17, 2019.
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Banque BEMO S.A.L. – Friday May 10, 2019:
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Banque BEMO SAL publishes the Report of the Board of Directors addressed to the Annual General Meeting of May 06, 2019
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Banque BEMO S.A.L. – Friday May 10, 2019:
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Banque BEMO SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018
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Banque BEMO S.A.L. - Thursday May 09, 2019:
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In Reference to the announcement issued by Banque BEMO SAL relating to the distribution of dividends for the holders of preferred shares on record as at May 14, 2019, the Beirut Stock Exchange declares that the Ex-dividend date of Banque BEMO's preferred shares is Friday, May 10, 2019. (Circular: 483/2019)
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Resumption of trading
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The Beirut Stock Exchange declares the resumption of trading in its markets as of Wednesday, May 08, 2019 (Circular 482/2019).
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Bank of Beirut S.A.L. - Tuesday May 7, 2019:
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The Ordinary General Assembly of Shareholders of Bank of Beirut SAL convened on May 06, 2019 and resolved to approve the Bank’s accounts for the year 2018. The General Assembly declared distribution of dividends as follows: to Preferred Shares: A gross amount of USD /37,696,625/ distributed as follows: To Holders of Series “G” Preferred Shares: A total of USD /8,434,125/; USD 2.3625 per share before tax (10%). To Holders of Series “H” Preferred Shares: A total of USD /9,450,000/; USD 1.75 per share before tax (10%). To Holders of Series “I” Preferred Shares: A total of USD /8,437,500/; USD 1.6875 per share before distribution tax (10%). To Holders of Series “J” Preferred Shares: A total of USD /4,875,000/; USD 1.6250 per share before distribution tax (10%). To Holders of Series “K” Preferred Shares: A total of USD /6,500,000/; USD 1.6250 per share before distribution (10%). To Priority Shares Class 2014: Priority dividends of USD /4,000,080/; USD 0.84 per share before distribution tax (10%). To Common Shares: A gross amount of LBP /70,146,435,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 1,150 per share before distribution tax (10%). Dividends will be paid through Midclear SAL on May 15, 2019 for the holders of shares as at May 10, 2019 (Record Date). The Ex-dividend date is May 08, 2019.
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Banque BEMO S.A.L. - Tuesday May 7, 2019:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on May 06, 2019 and approved a gross distribution of dividends to holders of preferred shares Series 2013 amounting to USD 2,450,000; USD 7 per Preferred share Series 2013 (USD 6.30 net of 10% distribution tax). Dividends will be paid to preferred shares holders starting June 10, 2019 after deducting the 10% distribution tax, for the holders of preferred shares as at May 14, 2019 (Record Date), according to the records of Midclear S.A.L.
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Compulsory suspension of trading
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Due to the open strike declared by the employees of Banque Du Liban, and in reference to the confirmation letter received by the Beirut Stock Exchange from Midclear stating that the latter cannot carry out the clearance and settlement process of transactions executed at the Beirut Stock Exchange, on time, during the period of open strike, and in order to protect the interest of all investors, the Beirut Stock Exchange declares the suspension of trading in its markets till further notice (Circular nb. 481/2019).
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Labor Day – Wednesday May 01, 2019:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Wednesday, May 01, 2019. Trading will be resumed on Thursday, May 02, 2019.
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Orthodox Good Friday and Easter Holidays– April 26 & April 29, 2019:
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On the occasion of Orthodox Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, April 26, 2019 till Monday, April 29, 2019. Trading will be resumed on Tuesday April 30, 2019.
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Good Friday and Easter Holidays– April 19 & April 22, 2019:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, April 19, 2019 till Monday, April 22, 2019. Trading will be resumed on Tuesday April 23, 2019.
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Byblos Bank S.A.L. – Wednesday April 17, 2019:
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The Ordinary General Assembly held on 17 April 2019 at the Bank’s Headquarters, approved the distribution of dividends for the year 2018 as follows: For Common Shareholders - LBP 212 per share (LBP 190.8 net of 10% withholding tax). For Preferred Shareholders: Class 2008: USD 8 per share; (USD 7.2 net of 10% withholding tax). Class 2009: USD 8 per share; (USD 7.2 net of 10% withholding tax). Such dividends will be paid on or about 25 April 2019 after deducting the 10% withholding tax, to shareholders as at 24 April 2019 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 April 2019. For GDR holders: LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax (of 10%) and other expenses starting 02 May 20219
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BLOM Bank S.A.L. – Tuesday April 16, 2019:
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BLOM BANK S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 16, 2019 at the Bank’s Headquarters and approved the accounts of the Bank for 2018, as well as the distribution of dividends amounting to LBP 364,148,019 thousand to Holders of Common Listed Shares, at an amount of LBP 1,700 per share subject to the distribution tax of 10%. Dividend payment is made through Midclear S.A.L., starting April 24, 2019 for the holders of Common Listed Shares according to the records of Midclear S.A.L as at April 23, 2019 (Record Date), with Wednesday April 17, 2019 being the Ex-dividend date. Regarding BLOM GDR Holders, dividends are expected to be settled by BANK OF NEW YORK MELLON starting from May 02, 2019
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Bank of Beirut S.A.L. – Tuesday April 16, 2019:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 5 p.m., on Monday May 06, 2019, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the year 2018. - Approve the Auditors’ reports for the year 2018. - Approve the Balance Sheet and Profit and Loss accounts for the year 2018. - Appropriate the profits of the year 2018. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the year 2018. - Appoint a second auditor for the years 2019, 2020 and 2021and determine his fees. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Code of Commerce and in article 152 of the Code of Cash and credit. - Other topics.
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Banque BEMO S.A.L. - Tuesday April 16, 2019:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 9:00 am on Monday, May 06, 2019 at the Bank’s Head Office, Riad Al Solh- Assayli bldg. 7th Floor to discuss the following agenda: - Examine the Board of Director’s general report for the year 2018. - Examine the Auditors’ report for the year 2018. - Examine the Board of Director’s special report and the Auditors’ special report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2018 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements as at 31/12/2018. - Elect new Directors. - Grant discharge to the Chairman and members of the Board of Directors in respect of activities performed during the year 2018. - Fix the remunerations of the Chairman – General Manager for the year 2019. - Fix the remunerations of the Board of Directors for the year 2019. - Appoint External Auditors and determine their fees. - Other topics. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the Bank’s Head Office 15 days before the Ordinary General Assembly.
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Banque BEMO S.A.L. - Tuesday April 16, 2019:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 am, on Monday May 06, 2019, at the Bank’s headquarters in Riad Al Solh- Assayli bldg- 7th Floor in order to examine the following agenda: - Increase the capital of the bank. - Amend articles of the By-Laws relating to the capital increase. - Other topics.
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Bank Audi S.A.L- Monday April 15, 2019:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. convened on April 12, 2019 and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to re-elect the current Directors for a new three years mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2021). The newly elected Board convened following the General Assembly and resolved, amongst other things, to re-elect (i) Mr. Samir N. Hanna as Chairman of the Board – General Manager, and (ii) Dr. Marwan M. Ghandour and Dr. Freddie C. Baz as Vice-Chairmen; pursuant to the above, the Board of Directors is composed as follows: Mr. Samir N. Hanna (Chairman and Group CEO); Dr. Marwan M. Ghandour (Vice-Chairman); Dr. Freddie C. Baz (Vice-Chairman); Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Imad I. Itani; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar; Mrs. Sherine R. Audi; Mr. Carlos A. Obeid; Mr. Aristidis I. Vourakis.
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Bank Audi S.A.L- Friday April 12, 2019:
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The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 12, 2019 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2018 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. - To Holders of Series “I” Preferred Shares a total of USD 17.5 Million on the basis of USD 7 per share. - To Holders of Series “J” Preferred Shares a total of USD 19.25 Million on the basis of USD 7 per share. - To Holders of Common Shares: a total of LBP 331.4 Billion on the basis of LBP 829.125 per share. Dividends will be paid through Midclear S.A.L (after deduction of the withholding tax at the rate of 10% where applicable) starting April 18, 2019 for the holders of shares as at April 17, 2019 (Record Date), according to the records of Midclear S.A.L., with Monday April 15, 2019 being the Ex-dividend date.
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BLOM Bank S.A.L. – Friday April 12, 2019:
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BLOM Bank SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018
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De-listing of a maturing Eurobond Issue – Wednesday April 10, 2019:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday, April 15, 2019 the Lebanese Republic Eurobond Issue labeled Series number 70, worth USD /500,000,000/, carrying an Interest rate of 5.50% and maturing on April 23, 2019. Circular 480/2019
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Byblos Bank S.A.L. – Thursday April 4, 2019:
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Byblos Bank SAL publishes the Board of Directors’ Report addressed to the Annual General Assembly of Shareholders of April 17, 2019.
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Byblos Bank S.A.L. – Thursday April 4, 2019:
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Byblos Bank SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2018.
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Byblos Bank S.A.L. – Thursday April 4, 2019:
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Byblos Bank SAL publishes the Auditors’ Report and the Consolidated Financial Statements for the year ended December 31, 2018.
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BLOM Bank S.A.L. – Tuesday April 2, 2019:
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BLOM Bank SAL publishes the Report of the Board of Directors addressed to the Annual General Meeting of April 16, 2019.
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BLC Bank S.A.L. -Friday March 29, 2019:
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In reference to the Extraordinary General Assembly of shareholders of BLC Bank S.A.L. of December 17, 2018 that decided to redeem and cancel all the /350,000/ Series C preferred shares for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /350,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank, and in reference to the approval of Banque Du Liban on the aforementioned resolutions, and in reference to the announcement issued by the bank on March 28, 2019 that fix the record date on April 03, 2019; the Beirut Stock Exchange declares that the Ex-free shares distribution date of BLC common shares is Monday, April 01, 2019 . (Circular: 479/2019)
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Byblos Bank S.A.L. – Tuesday March 26, 2019:
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The Board of Directors of Byblos Bank SAL has the pleasure to announce to its shareholders that it resolved in its meeting held on 22 March 2019, to propose to the Ordinary General Assembly convened to meet on 17 April 2019 at the Bank’s Headquarters, the distribution of dividends for the year 2018 as follows For Common Shareholders: LBP 212 per share (before withholding tax of 10%) For Preferred Shareholders: Class 2008: USD 8 per share; (before withholding tax of 10%) Class 2009: USD 8 per share; (before withholding tax of 10%) Subject to the Ordinary General Assembly’s approval such dividends will be paid on or about 25 April 2019 after deducting the 10% withholding tax, to shareholders as at 24 April 2019 (record date), according to the records of Midclear (the Central Depository). For GDR holders: LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax of 10% and other expenses starting 2 May 2019.
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Byblos Bank S.A.L. – Tuesday March 26, 2019:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 a.m. on Wednesday, 17 April 2019, in order to discuss and decide on the matters listed on the following agenda: • To hear the general and special Board reports for the fiscal year 2018. • To hear the Auditors’ general and special reports for the fiscal year 2018. • To advise on the accounts of the fiscal year 2018 and on the allocation of its results. • To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2018. • To advise on the operations performed between the Board members and the Bank during the fiscal year 2018 and on the contractual terms of the Board members and the senior officers of the Bank, and the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2019 all the operations described in the special report of both the Board of Directors and the Auditors. • To advise on the determination of the auditors’ remuneration for the fiscal year 2019 and the directors and Board committee members’ emoluments for the fiscal year 2019. • Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2018, general and special reports of both the Board and the Auditors for the fiscal year 2018, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. – Tuesday March 26, 2019:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 a.m. on Wednesday, 17 April 2019, in order to discuss and decide on the matters listed on the following agenda: • To hear the general and special Board reports for the fiscal year 2018. • To hear the Auditors’ general and special reports for the fiscal year 2018. • To approve the accounts of the fiscal year 2018 and the allocation of its results. • To discharge the chairman and Board members for their administrative duties during the fiscal year 2018. • To approve the operations performed between the Board members and the Bank during the fiscal year 2018 and the contractual terms of the Board members and the senior officers of the Bank, and to authorize the Board members in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2019 all the operations described in the special report of both the Board of Directors and the Auditors. • To determine the auditors’ remuneration for the fiscal year 2019 and the Board of Directors and Board committee members’ emoluments for the fiscal year 2019. • Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2018, general and special reports of both the Board and the Auditors for the fiscal year 2018, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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BLOM Bank S.A.L. – Tuesday March 26, 2019:
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The Board of Directors of BLOM BANK S.A.L invites the shareholders to attend the annual General Assembly Meeting which will be held at noon on Tuesday, April 16, 2019 at the Bank’s headquarters in Beirut, Verdun, Rashid Karami Street, BLOM BANK S.A.L. building (bloc A – 7th floor) to deliberate in the following items on the agenda (Read more)
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Bank Audi S.A.L- Tuesday March 26, 2019:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday April 12, 2019 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2018 and to examine the following agenda:
(Read more)
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Bank Audi S.A.L- Tuesday March 26, 2019:
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March 22, 2019
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated February 25, 2019 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Bank of New York Mellon, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value L.L. 1,670 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank Audi S.A.L- Friday March 22, 2019:
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Bank Audi SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2018.
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Bank Audi S.A.L- Friday March 22, 2019:
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Bank Audi sal’s Annual Report for the year ended 31 December 2018 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal, Audi Plaza – Bab Idriss. PO. Box 11-2560. Beirut - Lebanon
The Annual Report can also be downloaded from the Company’s website http://www.bankaudigroup.com or by clicking on the following link: https://www.bankaudigroup.com/Library/Assets/AnnualReport2018.pdf
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Bank Audi S.A.L- Friday March 22, 2019:
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In its meeting held on March 20, 2019, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 829.125 per common share. Subject to the General Assembly's approval, such dividends will be paid, after deduction of applicable taxes, on or about April 18, 2019 to holders of common shares as at April 17, 2019 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Feast of Annunciation – Monday March 25, 2019:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Monday, March 25, 2019.
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Notice of change in office hours
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Effective Monday, March 18, 2019 Beirut Stock Exchange’s office hours will be as follows: Monday till Friday: from 08:00 till 15:30. Saturday and Sunday: days off. N.B. The new office hours will not affect trading hours.
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Bank Audi S.A.L- Wednesday February 20, 2019:
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Bank Audi S.A.L. (the "Company") announces that a new deposit agreement (amended and restated Regulation S and Rule 144A Deposit Agreement relating to a Deposit Agreement originally dated 23 October 1997, as amended and restated on 10 May 2010) (the "Agreement") for the issuance of global depositary receipts (the "GDR Programme") with The Bank of New York Mellon shall become effective from 25 February 2019 (with certain amendments to the existing Deposit Agreement taking effect on the date which is three months from 25 February 2019). The Bank of New York Mellon replaces Deutsche Bank Trust Company Americas as Depositary under the Agreement effective from 25 February 2019. The custodian (the “Custodian”) under the GDR Programme, Bank Audi S.A.L. shall also be replaced by Midclear S.A.L. with effect from 25 February 2019. (Read more)
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Memorial Day of P.M. R. Hariri- Thursday February 14, 2019:
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On the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Thursday February 14, 2019.
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BLC Bank S.A.L. - Thursday January 17, 2019:
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BLC Bank SAL announces that on 11/1/2019 the below listed block trades were registered with the Beirut Stock Exchange in relation to the ordinary common shares of the Bank, whereby each of Holding M. Sehnaoui SAL, Silver Capital Holding SAL, Mr. Maurice Sehnaoui, Mr. Walid Ziade and Ms. Youmna Ziade, transferred their entire participation in the share-capital of the Bank, after having received the approval of the Central Council of Banque du Liban on November 28, 2018 on such transfers. The registered trades are as follows: 1. Transfer by Holding M. Sehnaoui SAL of 21.365.000 listed ordinary common shares to BLC Bank SAL representing 10% of the share-capital of the Bank, at a price of US$2.37 per shares i.e. US$50.605.000 in aggregate. 2. Transfer by Mr. Maurice Sehnaoui, Mr. Walid Ziade, Ms. Youmna Ziade, Silver Capital Holding SAL and Holding M. Sehnaoui SAL of 18.857.254 listed ordinary common shares to Fransabank SAL representing 8.83% of the share-capital of the Bank, at a price of US$2.4. per shares i.e. US$45.819.895 in aggregate, as part of one block trade. In addition, outside the Beirut Stock Exchange, Mr. Maurice Sehnaoui, Mr. Walid Ziade, Ms. Youmna Ziade, Silver Capital Holding SAL and Holding M. Sehnaoui SAL transferred 9,546,628 unlisted ordinary common shares to Fransabank SAL representing 4.47% of the share-capital of the Bank. To note that the transfer of ownership of the guarantee shares owned by each of Mr. Maurice Sehnaoui, Mr. Walid Ziade and Ms. Youmna Ziade, amounting to 3,000 shares in the name of Fransabank SAL will be effected following the approval of the 2018 accounts by BLC Bank SAL shareholders’ meeting. Further to these operations, Fransabank SAL now owns 81.87% of the share-capital of BLC Bank SAL and each of Holding M. Sehnaoui SAL, Silver Capital Holding SAL, Mr. Maurice Sehnaoui, Mr. Walid Ziade and Ms. Youmna Ziade are no longer shareholders in BLC Bank SAL.
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Arab Economic & Soc. Development Summit
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In reference to the Prime Minister administrative memorandum to close all state institutions on January 18, 2019 on the occasion of convening the 2019 Arab Economic and Social Development Summit in Beirut, there will be no trading at the Beirut Stock Exchange on the date mentioned here above. Trading will be resumed on Monday, January 21, 2019.
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Solidere SAL- Wednesday January 16, 2019:
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إعلان صادر عن شركة سوليدير
عرضت محطّة ال MTV التي نكنّ لها كل إحترام لمصداقيتها ومهنيتها العالية في نشرة الأخبار تاريخ 14 كانون الثاني 2019 وتم إعادة عرضها في نشرات الأخبار تاريخ 15 كانون الثاني 2019 تقريرا يستنتج أن "شركة سوليدير في أزمة مالية خطرة وأن مستقبل الشركة في خطر". وبهذا الصدد فإن شركة سوليدير وحرصا منها على مصداقية محطة ال MTV وعلى تبيان الحقيقة وضحض الإشاعات التي تستهدف شركة من أكبر الشركات العقارية في المنطقة، تنفي نفيا قاطعا (For Full Report)
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Armenian Christmas Day – Monday January 07, 2019:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Monday, January 07, 2019.
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BLC Bank S.A.L. - Friday December 28, 2018:
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The holders of BLC Bank Preferred shares Series E attended an Extraordinary General Meeting on Monday, December 17, 2018, at the Bank's Head Office and decided to: i) adopt the By-Laws of the Body of holders of Preferred Shares Series E. ii) Nominate Mr. Youssef Ali Youssef Audi as representative of the Body. (By-Laws of the Body of holders of Preferred Shares Series E - Arabic)
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New Year Holiday – Dec 31, 2018 & Jan 01, 2019.
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On the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Monday, December 31, 2018 and on Tuesday, January 01, 2019. Trading will be resumed on Wednesday, January 02, 2019.
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Christmas – Tuesday December 25, 2018:
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On the occasion of Christmas, there will be no trading at the Beirut Stock Exchange on Tuesday, December 25, 2018.
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Solidere SAL- Monday December 24, 2018:
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On November 29, 2018 the following two transactions on Solidere B have been executed at the Beirut Stock Exchange: I- Seller Societe Generale de Banque au Liban SAL / Buyer SGBL Insurance SAL / Quantity 1,000,000 / Price per share $6.68. II - Seller Societe Generale de Banque au Liban SAL / Buyer SGBL Insurance SAL / Quantity 1,000,000 / Price per share $6.69. Likewise, on November 30, 2018 the following transaction on Solidere A has been executed at the Beirut Stock Exchange: Seller Societe Generale de Banque au Liban SAL / Buyer SGBL Insurance SAL / Quantity 1,500,000 / Price per share $6.88. The new ownership percentage of the two parties in the share capital of Solidere SAL becomes as follow: Societe Generale de Banque au Liban SAL: 13,000,000 shares; 7.88% of Solidere’s capital. SGBL Insurance SAL: 3,500,000 shares; 2.12% of Solidere’s capital. The above transactions represent a reallocation of the investments of the Group of Societe Generale de Banque au Liban SAL in the capital of Solidere SAL.
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BLC Bank S.A.L. - Monday December 17, 2018:
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The Extraordinary General Assembly of shareholders of BLC Bank S.A.L. held a meeting on December 17, 2018 and decided to cancel the /350,000/ Series C preferred shares and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /350,000/ new common shares, to be distributed for free, to common shareholders pro-rata to their contribution in the common shares of the bank. In addition, the Extraordinary General Assembly decided to grant the Chairman / General Manager the necessary powers to execute the distribution of the free common shares and to determine the related record date. Finally, the Extraordinary General Assembly decided to amend the Bank’s By-Laws to reflect the foregoing decisions and declared that entry into effect of these resolutions is subject to the approval of the Central Bank of Lebanon. Minutes of Meeting - Arabic
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BLC Bank S.A.L. - Tuesday December 4, 2018:
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The Board of Directors of the BLC Bank S.A.L. invites the holders of preferred shares series E to attend an Extraordinary General Assembly Meeting dedicated to holders of series E preferred shares to be held at 10:00 on Monday, December 17, 2018 at the Bank’s head office in Beirut, Addlieh, to discuss the following agenda: - Draft the By-Laws of the assembly of holders of preferred shares series E. - Nominate a representative of the assembly - Other Topics.
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BLC Bank S.A.L. - Tuesday December 4, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 on Monday, December 17, 2018, at the Bank’s Head Office in Adlieh Beirut to discuss the following agenda: - Redeem and cancel the Series “C” Preferred Shares, issue free nominal common shares to keep the Capital unchanged and amend the Bank’s By- Laws accordingly. - Grant the Board of Directors and/or the Chairman the necessary powers to execute the decisions of the Extraordinary General Assembly with the right to delegate part or all of these powers. - Other topics.
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BLC Bank S.A.L. - Thursday November 29, 2018:
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The Ordinary General Assembly of Shareholders of BLC Bank SAL convened on November 19, 2018 and resolved to elect Me. Ziyad Baroud as a member of the Board of Directors for the remainder of the current mandate of the Board (that will end upon the approval of the accounts of the year 2018). Minutes of Meeting
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De-listing of a maturing Eurobond Issue – Thursday November 15, 2018:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday, November 21, 2018 the Lebanese Republic Eurobond Issue labeled Series number 62, worth EUR /445,000,000/, carrying an Interest rate of 5.35% and maturing on November 28, 2018. Circular 476/2018
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Holidays – November 20 & 22, 2018.
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On the occasion of the Prophet’s Birthday, there will be no trading at the Beirut Stock Exchange on Tuesday, November 20, 2018. Likewise, on the occasion of the Independence Day, there will be no trading at the BSE on Thursday, November 22, 2018.
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BLC Bank S.A.L. - Thursday November 08, 2018:
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The Board of Directors of BLC Bank SAL invites all holders of Common Shares to attend an Ordinary General Meeting to be held at 11:00 a.m. on Monday, November 19, 2018 at the Bank’s Head Office in order to examine the following agenda: To elect an new member to the Board of Directors.
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De-listing of a maturing Eurobond Issue – Tuesday October 30, 2018:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday, November 06, 2018 the Lebanese Republic Eurobonds Issue labeled Series number 56, worth USD /1,025,000,000/, carrying an Interest rate of 5.15% and maturing on November 12, 2018. Circular 475/2018
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Bank of Beirut S.A.L – Friday October 26, 2018:
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The Beirut Stock Exchange decided to list, as of October 31, 2018, additional /3,050,000/ common shares issued through a private placement by Bank of Beirut SAL. These shares will be added to the previously listed shares; therefore the total number of listed common shares of Bank of Beirut SAL becomes /20,796,417/ common listed shares. Note that the Bank’s share capital is composed as follows: /56,234,900/ common shares (20,796,417 shares are listed and 35,438,483 are not listed), 4,762,000 priority shares (100% listed), 3,570,000 preferred shares series G (not listed), 5,400,000 preferred shares series H (100% listed), 5,000,000 preferred shares series I (100% listed), 3,000,000 preferred shares series J (100% listed) and 4,000,000 preferred shares series K (100% listed) (Circular 474/2018).
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BLC Bank S.A.L- Wednesday October 24, 2018:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /263,510/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Series E issued by BLC Bank SAL in the official market of the stock exchange. Holders of Series E Preferred Shares will receive annual distribution of 7.00% of the issue price (USD 100 per share), adjusted on a pro rata basis for the year 2018 to reflect the period from the issue date till the end of the year. Trading is scheduled to start on Monday, October 29, 2018. (Circular 473/2018)
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Bank Audi S.A.L – Monday October 22, 2018:
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The Beirut Stock Exchange decided to de-list the 1,500,000 Series G Preferred Shares issued by Bank Audi SAL from the official market of the stock exchange, as the Bank completed the cancelation processes of these shares; and took note of the Bank’s capital increase that is now LBP 677,601,170,680 divided into 405,749,204 common and preferred shares having a nominal value of LBP 1670 per share. (Circular 472/2018)
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Bank Audi S.A.L – Thursday October 18, 2018:
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Resolution adopted by the Extraordinary General Meeting of Shareholders of October 17, 2018:
Sole resolution: Confirmation of the adequate implementation of the cancelation of the Series “G” Preferred Shares and the accompanying increase of the Bank’s share capital in order to round the nominal value of each individual share up to L.L. 1,670; and granting discharge to the Chairman and members of the Board of Directors of the Bank in respect of activities related to the cancellation and capital increase. (Read more)
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BLOM Bank S.A.L. – Friday October 12, 2018:
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During the months of August and September 2018, BANORABE S.A SPF purchased, after getting the proper approval of Banque Du Liban, 1,273,455 common shares of BLOM Bank SAL for a total value of USD 11,750,920. The new ownership percentage of BANORABE S.A SPF in the share capital of the Bank becomes 17.89%.
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Bank of Beirut S.A.L – Friday October 05, 2018:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL held a meeting on September 26, 2018 and resolved to: approve the adequate subscription of HPG Urban Developments Pty Ltd in all the 3,050,000 new common shares issued by the Bank; declare that the Bank’s capital is now LBP119,671,674,000 fully paid; and elect HPG Urban Developments Pty Ltd as board member for the remainder of the current Board’s mandate. (Minutes of Meeting)
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Bank of Beirut S.A.L – Monday October 01, 2018:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL held a meeting on April 10, 2018 and decided to increase the capital of the Bank from LBP/115,218,674,000/ to LBP/119,671,674,000/ through the issuance of /3,050,000/ new common shares, with a nominal value of LBP /1,460/ per common share and an issue price of USD/18.80/ per share. The Extraordinary General Assembly also decided to reserve the right to subscribe for the capital increase to a new investor “HPG Urban Developments Pty Ltd” and to list all of the new /3,050,000/ common shares in the official market of the Beirut Stock Exchange. (Minutes of Meeting)
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Bank Audi S.A.L- Friday September 28, 2018:
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INFORMATION STATEMENT
September 27, 2018
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”) and Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share of the Bank with a nominal value LBP 1,663 per common share (each a “Common Share”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement. (Read more)
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Bank Audi S.A.L- Friday September 28, 2018:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Wednesday October 17, 2018 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: The verification of the adequate implementation of the first resolution adopted by the Extraordinary General Meeting of shareholders held on July 27, 2018 in connection with the cancellation of the Series “G” Preferred Shares and the accompanying increase of the Bank’s share capital in order to round the nominal value of each individual share up to L.L. 1,670; and the discharge of the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Cancellation and Capital Increase.
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Achoura – Thursday September 20, 2018:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Thursday, September 20, 2018.
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Beirut Stock Exchange –Thursday September 13, 2018:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2018 and any other overdue fees before 29/12/2018. Every member who fails to pay the due annual fees shall pay a fine equivalent to five-fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: - At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. - Or by calling the BSE administration at phone No. 01-993555, before 15/12/2018 to send one of its representatives to collect the check, against an official receipt. (Circular 471/2018)
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Bank of Beirut S.A.L – Monday September 10, 2018:
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The Board of Directors of Bank Of Beirut SAL invites all shareholders to attend an Extraordinary General Assembly to be held at 10:000 on Wednesday, September 26, 2018 at the Bank Head Office located at Foch Street, Beirut Downtown to examine the following agenda: - Verification of the completion of the procedures for the increase of the Bank’s capital from LBP//115,218,674,000// to LBP //119,671,674,000//. - Declaration that the capital of the Bank is now LBP//119,671,674,000//. - Other topics.
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Hegria New Year – Tuesday September 11, 2018:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Tuesday, September 11, 2018. Trading will be resumed on Wednesday, September 12, 2018.
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Eid Al Adha – August 21st till August 23rd, 2018:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Tuesday, August 21, 2018 till Thursday, August 23, 2018. Trading will be resumed on Friday, August 24, 2018.
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Bank Audi S.A.L- Friday August 17, 2018:
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BANK AUDI SAL ANNOUNCES THE FINANCIAL STATEMENTS OF BANK AUDI SAE (EGYPT) AS AT JUNE 30, 2018
Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements as at and for the period ended June 30, 2018.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt
For additional information, you may address your e-mails to corporate.secretary@bankaudi.com.lb.
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BLC Bank S.A.L- Thursday August 16, 2018:
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On August 13, 2018 the extraordinary General Assembly of shareholders of BLC Bank SAL resumed the meeting which started on August 06, 2018 and resolved to approve the adequate completion of all actions and procedures undertaken to increase the Bank’s capital from LBP 214,750,000,000 to LBP 215,013,510,000 through the issuance of 263,510 new “Series E” preferred shares having an issue price of USD 100 per share, of which LBP 1000 represent the par value of each share. The Extraordinary General Assembly also granted discharge to the Chairman and members of the Board of Directors in respect of all activities relating to the capital increase and adopted the amended text of article 6 of the Bank’s By-Laws as stated in the minutes of meeting of the extraordinary general assembly of May 10, 2018. (Minutes of the Meeting – Arabic)
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Assumption of the Virgin Mary - Wednesday August 15, 2018:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Wednesday, August 15, 2018.
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BLC Bank S.A.L- Tuesday August 7, 2018
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The shareholders of BLC Bank SAL held an Extraordinary General Assembly on August 06, 2018. Upon the request of all present shareholders and in accordance with the provisions of article 190 of the code of commerce, it was decided to postpone the meeting till August 13, 2018 at 11:00.
(Minutes of the Meeting – Arabic)
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Rasamny Younis Motor Company S.A.L. – Friday August 3, 2018
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Rasamny Younis Motor Company S.A.L. publishes its Separate Audited Financial Statements and Independent Auditor’s Report for the year ended December 31, 2017. Report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/Rymco Sepreate FS 20171231.pdf
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Rasamny Younis Motor Company S.A.L. – Friday August 3, 2018
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The Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on August 02, 2018 resolved to approve the financial statements of the company for the year ended December 31, 2017 and declared a gross dividend distribution of LBP /2,265,900,000/; LBP /83/ per share before distribution tax. Dividends will be paid (after deduction of the withholding tax) starting January 15, 2019 for the holders of Series B common shares as at January 11, 2019 (Record Date), according to the records of Midclear. Shares will trade ex-dividend starting January 9, 2019 (Ex-dividend date).
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Bank Audi S.A.L- Monday July 30, 2018:
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First resolution: Cancellation of all the Series “G” Preferred Shares and increase of the Bank’s Capital in order to round the nominal value of each individual Share up to LL 1,670:
The Extraordinary General Meeting of Shareholders resolves to (i) cancel all of the 1,500,000 outstanding Series “G” Preferred Shares and substitute their nominal value (aggregating LL 2,494,500,000) in the Capital of the Bank through a simultaneous incorporation of an equivalent amount from the free reserves, concomitantly with the cancellation, and (ii) for the avoidance of residual amounts in the nominal value of the Share pursuant to the aforementioned cancellation of the Series “G” Preferred Shares, increase the Bank’s Capital to become L.L. 677,601,170,680 hence an increase of L.L. 345,744,428 through the incorporation of an aggregate amount of L.L. 2,840,244,428 from the free reserves (representing the nominal value of the cancelled Series “G” Preferred Shares and the capital increase), all resulting in a nominal value of each individual Share of L.L. 1,670. (Read more)
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BLOM Bank S.A.L. – Monday July 30, 2018
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During the months of June and July 2018 (till July 26, 2018) BANORABE S.A SPF purchased, after getting the proper approval of Banque Du Liban, 678,663 common shares of BLOM Bank SAL for a total value of USD 7,081,966 and sold 182,393 BLOM Bank GDRs for a value of USD 1,916,981. The new ownership percentage of BANORABE S.A SPF in the share capital of the Bank becomes 17.86%.
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BLC Bank S.A.L- Friday July 27, 2018
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BLC Bank S.A.L. informs holders of Series C and Series D preferred shares that the time limit to exercise the priority right to subscribe in the new Series E preferred shares starts on July 28/2018 and ends on August 01, 2018. Holders of preferred shares willing to subscribe in the Series E preferred shares should submit a subscription application at any BLC branch.
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BLC Bank S.A.L- Friday July 27, 2018
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BLC Bank S.A.L. informs applicants who signed requests to subscribe in Preferred Shares Series E that copies of the prospectus and the prospectus’ Appendix related to this new issue are available in the Headquarters of the Bank and in all its branches. Applicants can get a copy of the prospectus and the prospectus’ Appendix during regular working hours starting July 28, 2018.
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BLC Bank S.A.L- Tuesday July 24, 2018:
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The Board of Directors of BLC Bank S.A.L. held a meeting on June 20, 2018 and decided to suggest to the Extraordinary General Assembly of shareholders to redeem and cancel all the /350,000/ Preferred Shares Series C for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /350,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank. Furthermore, the Board of Directors grants the Chairman the necessary power to carry out all formalities to redeem the Series C preferred shares, to pay the redemption price, to fix the payment date and to distribute the free common shares. (Minutes of Meeting - Arabic)
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BLC Bank S.A.L- Monday July 23, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly to be held at 11:00 am on Monday, August 06, 2018, at the Bank’s Head Office in Adlieh Beirut, to discuss the following agenda: - Verify the adequate completion of the procedure for the increase in the Bank’s Capital through the issuance of Series E Preferred shares. - Adopt the amendments of some articles of the By-Laws to reflect the Capital increase. - Other topics
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BLC Bank S.A.L- Friday July 20, 2018:
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BLC Bank S.A.L publishes the Minutes of Meeting of the General Assembly of shareholders held on June 27, 2018. (Minutes of Meeting)
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S L des Ciments Blancs S.A.L – Friday July 13, 2018:
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In reference to the announcement issued by Societe Libanaise des Ciments Blancs SAL relating to the decision of the Annual General Assembly of shareholders of July 10, 2018 to distribute dividends for the holders of shares on record as at July 17, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Ciments Blancs SAL is Friday, July 13, 2018.
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S L des Ciments Blancs S.A.L – Friday July 13, 2018:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on July 10, 2018 relating to the distribution of the 2017 dividends, Societe Libanaise des Ciments Blancs SAL announces that dividends set at LBP /666/ per share (net of distribution tax), will be paid starting July 23, 2018 for the holders of shares as at July 17, 2018 (Record date) as follows: -Shareholders who deposited their shares in the Lebanese banks will receive dividends through “Midclear”. - Holders of bearer shares should exchange their bearer shares into nominative shares, before November 03, 2018, in order to receive dividends.
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Bank Audi S.A.L- Tuesday July 10, 2018:
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Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (the“Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”) and Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share of the Bank with a nominal value LL 1,663 per common share (each, a “Common Share”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank Audi S.A.L- Tuesday July 10, 2018:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday July 27, 2018 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
The cancellation of the Series “G” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL 1,670;
The amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing;
The submission of the actions described in items 1and 2 for approval by the Central Bank of Lebanon; and
The granting to the Chairman of the Board of Directors (acting singly) or any 2 Directors – General Managers (acting jointly) of the necessary powers in order to implement the foregoing resolutions.
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Holcim Liban S.A.L.- Friday July 6, 2018:
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In reference to the announcement issued by Holcim (Liban) SAL relating to the decision of the Annual General Assembly of shareholders of July 03, 2018 to distribute dividends for the holders of shares on record as at July 23, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Holcim (Liban) SAL is Thursday, July 19, 2018. (Circular 469/2018)
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Holcim Liban S.A.L.- Wednesday July 4, 2018:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on July 3, 2018 relating to the distribution of the 2017 dividends, Holcim (Liban) SAL announces that dividends set at LBP /3870/ per share (net of distribution tax), will be paid starting July 30, 2018 for the holders of shares as at July 23, 2018 (Record date) as follows: -Shareholders who deposited their shares in the Lebanese banks will receive dividends through “Midclear”. - Holders of bearer shares should exchange their bearer shares into nominative shares, before November 03, 2018, in order to receive dividends.
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Rasamny Younis Motor Company S.A.L. – Tuesday July 3, 2018:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders of the Company to hold the Annual General Assembly Meeting on Thursday, August 2, 2018 at 10:00 a.m. at the Company’s Headquarters to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2017. - Examine the Auditors’ General and Special reports for the year 2017. - Approve the accounts of the year 2017 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2017. – Approve the operations that occurred between the Company and some Board members during the year 2017 and give prior authorization to the Board members according to articles 158 of the Code of Commerce. - Give prior authorization to the Board members according to articles 159 of the Code of Commerce. Give the Board of Directors the authorization to take credits from banks. - Empower the company to guarantee United Automotive Agency SAL. - Fix the remunerations of the Chairman and Directors for the year 2018. - Appoint the External Auditor for the year 2018 and fix his remuneration. – Other topics.
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Bank Audi S.A.L- Tuesday July 3, 2018:
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In reference to the decision of the Board of Directors of Bank Audi SAL relating to the redemption of all Series G preferred shares within a period of 60 days following June 21, 2018, and in reference to the approval of the Central Bank of Lebanon on the above stated decision and upon the request of the Bank to cease trading in Series G Preferred shares, the Beirut Stock Exchange decided to cease trading in Bank Audi Series G Preferred Shares as of the beginning of the trading session of Thursday July 05, 2018. (Circular 468/2018)
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Bank Audi S.A.L- Tuesday July 3, 2018:
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BANK AUDI ANNOUNCES ITS INTENTION TO REDEEM AND CANCEL THE SERIES G PREFERRED SHARES. For immediate release -Bank Audi announces its intention to redeem and cancel all the 1,500,000 outstanding Non-Cumulative Redeemable Series G Preferred Shares of the Bank issued in June 2013. The redemption is expected to take place on or around 10 July 2018. This announcement is for information only. For further information: Corporate Secretariat Farid Lahoud Group Corporate Secretary Corporate.secretary@bankaudi.com.lb
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Solidere SAL- Monday July 2, 2018:
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As the Ordinary General Assembly was invited to meet for the first time on June 29, 2018 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on July 23, 2018 at Sea Side, Beirut Waterfront, Downtown to discuss the following agenda- Examine the Board of Director’s Report for 2017. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2017. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2017 and determine the dividends. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2017. –Elect new Board members. – Assign new Auditors and fix their remunerations. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday August 13, 2018 at Sea Side, Beirut Waterfront, Downtown.
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Byblos Bank S.A.L. - Friday June 29, 2018:
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Byblos Bank SAL publishes the minutes of meeting of the Annual Ordinary General Assembly of shareholders of April 20, 2018. (Minutes of the meeting)
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Rasamny Younis Motor Company S.A.L. – Thursday June 28, 2018:
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On June 27, 2018, Shift Holding SAL bought, through a Block Trade, all the /222,222/ common shares class B of Mr. Samer Chawaf in Rasamy Younis Motor Co. at a price of USD 3.00 per share and for a total amount of USD 666,666.
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Ciments Blancs S.A.L – Friday June 22, 2018:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Ordinary General Assembly Meeting at 10 am on Tuesday, July 10, 2018 at the Company’s Headquarters in Chekka to discuss the following agenda: - Approve the financial statements for the year 2017 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2017. - Examine and approve the Auditors’ report for the year 2017. - Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Designate the External Auditors for the year 2018 and fix their remunerations. - Distribute dividends. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions. Owners of bearer shares who have not yet transfer their shares into nominative shares pursuant to Law 75/2016 must transfer their shares in order to be registered in the Company's registers at least seven days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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Eid Al Fitr - Friday 15 & Saturday 16 June 2018:
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Friday, June 15, 2018.
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BLC Bank S.A.L- Tuesday June 12, 2018:
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BLC Bank issued the following statement: BLC Bank’s Board of Directors held a meeting on Wednesday June 6, 2018 at the Bank’s head office upon the invitation of the Chairman & General Manager Mr. Maurice Sehnaoui. Mr. Sehnaoui submitted his resignation from the chairmanship and membership of the Board of Directors. As a result, the board elected unanimously Messrs.: - Nadim Adel Kassar as Chairman General Manager. - Nabil Adel Kassar as Deputy Chairman. - Bassam Farid Hassan as General Manager, CEO. After accepting the Board’s chairmanship, Mr. Nadim Kassar expressed his gratitude to the efforts that Mr. Sehnaoui has deployed throughout his years of service and to his dedication and contribution to BLC Bank, wishing the new management the best in its mission to grow the Bank and promote a healthy evolution (Minutes of the meeting).
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BLC Bank S.A.L- Monday June 11, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 am on Wednesday June 27, 2018, at the Bank’s Head Office in Adlieh Beirut, BLC Bank bldg. To discuss the following agenda: - Elect New Board of Directors - Other topics
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Solidere SAL- Friday June 8, 2018:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday June 29, 2018 at Sea Side, Beirut Waterfront, Downtown, to discuss the following agenda: - Examine the Board of Director’s Report for 2017. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2017. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2017 and determine the dividends. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2017. - Elect members to the Board of Directors and determine their remuneration. –Designate the Auditors and determine their fees. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 23, 2018 at Sea Side, Beirut Waterfront, Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, August 13, 2018 at Sea Side, Beirut Waterfront, Downtown.
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Holcim Liban S.A.L.- Thursday June 7, 2018:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m., on Tuesday, July 03, 2018 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2017 and give the Board of Directors complete clearance for the business of the year 2017. - Approve the report of the Board of Directors for the year ended December 31, 2017. - Approve the report of the Auditors for the year ended December 31, 2017. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2018 and fix their fees. Distribute Dividends. - Give the members of the Board the authorization stipulated in article 29 of the company’s by-laws. To attend the meeting, owners of nominative shares whose shares are deposited in authorized banks must record their names in the Company’s register at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions. Owners of bearer shares who have not yet transfer their shares into nominative shares pursuant to Law 75/2016 must transfer their shares in order to be registered in the Company's registers at least five days prior to the meeting and should present a certificate of deposit and blocking of the nominative shares from the approved banking institutions.
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BLC Bank S.A.L- Thursday June 7, 2018:
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BLC Bank S.A.L. publishes: the Report of the Board of Directors addressed to the Annual General Assembly of May 31, 2018.
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Banque Bemo S.A.L. - Friday June 1, 2018:
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Banque BEMO S.A.L. publishes: the Report of the Board of Directors addressed to the Annual General Assembly of May 28, 2018
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BLC Bank S.A.L- Thursday May 31, 2018:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on May 31, 2018 and resolved to approve the bank’s accounts for the year 2017. The General Assembly declared distribution of dividends as follows: I - Dividends before distribution tax ( 10%): Preferred Shares Class C: USD 6.75 per share. Preferred Shares Class D: USD 6.75 per share. II - Dividends net of distribution tax ( 10%): Preferred Shares Class C: USD 6.075 per share. Preferred Shares Class D: USD 6.075 per share. III - Important dates: 06 June 2018: Dividend record date. 04 June 2018: Ex-dividend date. 07 June 2018: Dividend payment date.
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De-listing of a maturing Eurobond Issue – Thursday May 31, 2018:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday 06/06/2018, the Lebanese Republic Eurobonds Issue labeled Series number 65, worth USD /700,000,000/, carrying an Interest rate of 5,15% and maturing on 12/06/2018. (Circular 467/2018)
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Banque BEMO S.A.L. - Tuesday May 29, 2018:
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In Reference to the announcement issued by Banque BEMO SAL relating to the distribution of dividends for the holders of shares on record as at June 04, 2018, the Beirut Stock Exchange declares that the Ex-dividend date of Banque BEMO's shares is Thursday, May 31, 2018. (Circular: 466/2018)
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Banque BEMO S.A.L. - Monday May 28, 2018
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on May 28, 2018 and approved the distribution of dividends for the year 2017 amounting to LBP 9,792 million as follows: To Holders of Common Shares - LBP 100 per share (LBP 90 net of 10% distribution tax). To Holders of Preferred Shares Class 2013 - USD 7.00 per share (USD 6.30 net of 10% distribution tax). Dividends will be paid starting June 12, 2018 after deducting the 10% distribution tax, for the holders of Common and Preferred shares as at June 4, 2018 (Record Date), according to the records of Midclear S.A.L.
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Resistance and Liberation Day –Friday May 25, 2018
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On the occasion of Resistance and Liberation Day there will
be no trading at the Beirut Stock Exchange on Friday May 25, 2018.
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BLC Bank S.A.L - Monday May 14, 2018:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL convened on May 10, 2018 and decided to increase the capital of the Bank from LBP 214,750,000,000 to LBP 215,013,510,000 through the issuance of /263,510/ new non-cumulative, redeemable, perpetual preferred Shares to be labeled Series E Preferred Shares. These shares shall have a par value of LBP 1,000 each and an issue price of USD 100 per share. Holders of Series C Preferred Shares and Series D Preferred Shares will have the right to subscribe, on a priority basis, to the issue of Series E preferred shares, pro rata to their holdings of Series C and Series D Preferred shares. Holders of Series E Preferred Shares will receive non-cumulative annual distribution of 7% of the issue price (subject to 10% withholding tax), adjusted on a pro rata basis for the year 2018 to reflect the period from the issue date till the end of the year. The Extraordinary General Assembly of shareholders also decided to list all of the /263,510/ Series E Preferred Shares in the regulated financial markets and to amend article 6 of the Bank’s By-Laws to reflect the foregoing. (Minutes of the meeting Arabic)
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BLC Bank S.A.L - Friday May 11, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Thursday May 31, 2018, at the Bank’s Head Office in Adlieh Beirut, BLC Bank bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the fiscal year 2017. - Examine the Reports of the Auditors for the fiscal year 2017. - Give proper authorizations as per Articles 158 &159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the Bank’s accounts of the fiscal year 2017. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Other topics.
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Bank of Beirut S.A.L – Tuesday May 08, 2018:
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The Ordinary General Assembly of Shareholders of Bank of Beirut SAL convened on May 04, 2018 and resolved to approve the Bank’s accounts for the year 2017. The General Assembly declared distribution of dividends as follows: Preferred Shares: A gross amount of USD /37,696,625/ distributed as follows: - To Holders of Series “G” Preferred Shares: A total of USD /8,434,125/; USD 2.3625 per share before tax (10%). - To Holders of Series “H” Preferred Shares: A total of USD /9,450,000/; USD 1.75 per share before tax (10%). - To Holders of Series “I” Preferred Shares: A total of USD /8,437,500/; USD 1.6875 per share before distribution tax (10%). - To Holders of Series “J” Preferred Shares: A total of USD /4,875,000/; USD 1.6250 per share before distribution tax (10%). - To Holders of Series “K” Preferred Shares: A total of USD /6,500,000/; USD 1.6250 per share before distribution (10%). Priority Shares Class 2014: Priority dividends of USD /4,000,080/; USD 0.84 per share before distribution tax (10%). Common Shares: A gross amount of LBP /66,638,935,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 1,150 per share before distribution tax (10%). Dividends will be paid through Midclear SAL starting May 17, 2018 for the holders of shares as at May 11, 2018 (Record Date). The Ex-dividend date is May 09, 2018.
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Banque BEMO S.A.L. – Thursday May 03, 2018:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 9:00 am on Monday, May 28, 2018 at the Bank’s Head Office, Riad Al Solh- Assayli bldg. 7th Floor to discuss the following agenda: - Examine the Board of Director’s general report for the year 2017. - Examine the Auditors’ report for the year 2017. - Examine the Board of Director’s special report and the Auditors’ special report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2017 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements as at 31/12/2017. - Elect a new Board of Directors. - Grant discharge to the Chairman and members of the Board of Directors in respect of activities performed during the year 2017. - Fix the remunerations of the Chairman, General Manager for the year 2018. - Fix the remunerations of the Board of Directors for the year 2018. - Fix the remunerations of the External Auditors. - Other topics. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the Bank’s Head Office 15 days prior to the Ordinary General Assembly.
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Days offs- May 4 & 7, 2018:
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In reference to the memorandum issued by Prime Minister that stipulates the closure of all official institutions and administrations on Friday, May 04, 2018 and Monday May 07, 2018 on the occasion of holding the 2018 parliamentary elections, the Beirut Stock Exchange declares that there will be no trading on the above mentioned days. Trading will be resumed on Tuesday May 08, 2018.
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Labor Day – Tuesday May 01, 2018:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Tuesday, May 01, 2018. Trading will be resumed on Wednesday, May 02, 2018.
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BLC Bank S.A.L- Tuesday April 24, 2018:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 am on Thursday, May 10, 2018, at the Bank’s Head Office in Adlieh Beirut, to discuss the following agenda: - The increase of the Bank’s capital through the issuance of new Preferred Shares to be labeled Series “E” Preferred Shares and to identify the value, terms and details of this increase. - The listing of the new Series “E” Preferred Shares on the regulated financial markets. - The amendement of the Bank’s By-Laws accordingly. - Other topics
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Byblos Bank S.A.L. - Friday April 20, 2018:
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In reference to the announcement issued by Byblos Bank S.A.L. related to the decision of the Annual Ordinary General Assembly of shareholders of April 20, 2018 to distribute dividends for the holders of shares on record as at April 25, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Byblos Bank S.A.L. is Monday, April 23, 2018. (Circular: 465/2018)
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Byblos Bank S.A.L. - Friday April 20, 2018:
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The Annual Ordinary General Assembly held on 20 April 2018 at the Bank’s Headquarters, approved the distribution of dividends for the year 2017 as follows: For Common Shareholders - LBP 212 per share (LBP 190.8 net of 10% withholding tax). For Preferred Shareholders - Class 2008: USD 8 per share; (USD 7.2 net of 10% withholding tax). - Class 2009: USD 8 per share; (USD 7.2 net of 10% withholding tax). Such dividends will be paid on or about 26 April 2018 after deducting the 10% withholding tax, to shareholders as at 25 April 2018 (record date), according to the records of Midclear (the Central Depository). For GDR holders - LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, on or about 02 May 20218 after deducting the 10% withholding tax and other expenses.
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Bank of Beirut S.A.L - Friday April 20, 2018:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly meeting to be held at 10 a.m., on Friday, May 4, 2018, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the fiscal year 2017. - Approve the Auditors' reports for the fiscal year 2017. - Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2017. - Appropriate the profits of the year 2017. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2017. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Code of Commerce and in article 152 of the Code of Cash and credit. - Other subjects.
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Byblos Bank S.A.L. - Tuesday April 17, 2018:
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Byblos Bank SAL publishes: the Report of the Board of Directors addressed to the Annual General Assembly of April 20, 2018.
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BLOM Bank S.A.L. – Wednesday April 11, 2018
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Notice to Shareholders related to dividends distribution for fiscal year 2017
BLOM BANK S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 11, 2018 at the Bank’s Headquarters and approved the accounts of the Bank for 2017, as well as the distribution of dividends amounting to LBP 364,338,205 thousand to Holders of Common Listed Shares, at an amount of LBP 1,700 per share subject to the distribution tax of 10%.
Dividend payment is made through Midclear S.A.L., starting 17 April, 2018 for the holders of Common Listed Shares according to the records of Midclear S.A.L as at 16 April, 2018 (Record Date), with Thursday 12 April, 2018 being the Ex-dividend date.
Regarding BLOM GDR Holders, dividends are expected to be settled by BANK OF NEW YORK MELLON starting from 24 April, 2018.
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Bank Audi S.A.L- Wednesday April 11, 2018:
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In reference to the announcement issued by Bank Audi SAL relating to the decision of the Annual Ordinary General Assembly of shareholders of April 10, 2018 to distribute dividends for the holders of shares on record as at April 13, 2018 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares of Bank Audi SAL is Wednesday, April 11, 2018. (Circular 464/2018)
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Bank Audi S.A.L- Wednesday April 11, 2018:
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The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 10, 2018 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2017 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. - To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. - To Holders of Series “I” Preferred Shares a total of USD 17.5 Million on the basis of USD 7 per share. - To Holders of Series “J” Preferred Shares a total of USD 11 Million on the basis of USD 4 per share. - To Holders of Common Shares: a total of LBP 331.4 Billion on the basis of LBP 829.125 per share. Dividends will be paid through Midclear S.A.L (after deduction of the withholding tax where applicable) starting April 16, 2018 for the holders of shares as at April 13, 2018 (Record Date), according to the records of Midclear S.A.L.
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Orthodox Good Friday and Easter Holidays – April 06 & 09, 2018:
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On the occasion of Orthodox Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: Friday, April 06, 2018 and Monday, April 09, 2018. Trading will be resumed on Tuesday April 10, 2018
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Bank Audi S.A.L- Saturday March 31, 2018:
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Bank Audi SAL publishes the Auditors’ Special Report drafted according to article 158 of the Code of Commerce for the year ended December 31, 2017.
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Good Friday and Easter Holidays– March 30 & April 2, 2018:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: Friday, March 30, 2018 & Monday, April 2, 2018. Trading will be resumed on Tuesday April 3, 2018.
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BLC Bank S.A.L- Thursday March 29, 2018:
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The Beirut Stock Exchange decided to de-list the 550,000 Series B preferred shares issued by BLC Bank SAL from the official market of the stock exchange, as the Bank completed the redemption process of these shares, and took note of the new structure of the Bank’s capital that is fixed to LBP 214,750,000,000 divided into two classes of shares: the class of common shares at a number of 213,650,000 common shares of which 71,033,333 are listed on the Beirut Stock Exchange; and the class of preferred shares at a number of 350,000 Series C preferred shares and 750,000 Series D preferred shares. The Series C and Series D preferred shares are listed on the Beirut Stock Exchange.
Circular 463/2018: http://www.bse.com.lb/portals/0/repository/463-2018.b9103413-13e8-4127-a10a-562eab2458b9.pdf
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BLOM Bank S.A.L. – Wednesday March 28, 2018:
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Intention to Issue U.S. Dollar-denominated Certificates of Deposit
BLOM Bank s.a.l (the “Company”) today announces its intention to proceed with an issue of U.S. Dollar-denominated certificates of deposit (“Certificates”) and has obtained the approval of the Central Bank of Lebanon in this respect. The Company intends to apply for admission to trading on the Luxembourg Stock Exchange’s Regulated Market and listing on the Official List of the Luxembourg Stock Exchange. Any offer of Certificates is subject to market conditions and a further announcement will be made in due course, if appropriate.
(Read more)
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Byblos Bank S.A.L. - Moday March 26, 2018:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:30 a.m. on Friday, 20 April 2018, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2017. - To hear the Auditors’ general and special reports for the fiscal year 2017. - To approve the accounts of the fiscal year 2017 and on the allocation of its results. - To discharge the chairman and Board members for their administrative duties during the fiscal year 2017. - To elect a new Board of Directors. - To approve the operations performed between the Board members and the Bank during the fiscal year 2017 and to authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2018 all the operations described in the special report of the Board of Directors and the Auditors. - To appoint the Auditors for 2018, 2019 and 2020. - To determine the auditors’ remuneration and the Board of Directors and Board committee members’ emoluments for the fiscal year 2018. - Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2017, general and special reports of both the Board and the Auditors for the fiscal year 2017, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Moday March 26, 2018:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 09:00 a.m. on Friday, 20 April 2018, in order to discuss and decide on the matters listed on the following agenda: - To hear the general and special Board reports for the fiscal year 2017. - To hear the Auditors’ general and special reports for the fiscal year 2017. - To advise on the accounts of the fiscal year 2017 and on the allocation of its results. - To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2017. - To advise on the election of a new Board of Directors. - To advise on the operations performed between the Board members and the Bank during the fiscal year 2017 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2018 all the operations described in the special report of both the Board of Directors and the Auditors. - To advise on the appointment of the Auditors for 2018, 2019 and 2020. - To advise on the determination of the auditors’ remuneration and the directors and Board committee members’ emoluments for the fiscal year 2018. - Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2017, general and special reports of both the Board and the Auditors for the fiscal year 2017, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Moday March 26, 2018:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 23 March 2018, to propose to the Ordinary General Assembly convened to meet on 20 April 2018 at the Bank’s Headquarters, the distribution of dividends for the year 2017 as follows: For Common Shareholders; LBP 212 per share (Before withholding tax). For Preferred Shareholders: - Class 2008; USD 8 per share (Before withholding tax). - Class 2009; USD 8 per share; (Before withholding tax). Subject to the Ordinary General Assembly’s approval, such dividends will be paid on or about 26 April 2018 after deducting the withholding tax, to shareholders as at 25 April 2018 (record date), according to the records of Midclear (the Central Depository). For GDR holders; LBP 212 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 2 May 2018.
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Bank Audi S.A.L- Friday March 23, 2018:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Tuesday April 10, 2018 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2017 and to examine the following agenda:
(Read more)
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Bank Audi S.A.L- Friday March 23, 2018:
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In its meeting held on March 20, 2018, the Board of Directors of Bank Audi sal resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 829.125 per common share.
Subject to the General Assembly's approval, such dividends will be paid, after deduction of applicable taxes, on or about April 16, 2018 to holders of common shares as at April 13, 2018 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Bank Audi S.A.L- Friday March 23, 2018:
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Bank Audi sal’s Annual Report for the year ended 31 December 2017 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal
Audi Plaza - Bab Idriss
P.O. Box 11-2560
Beirut - Lebanon
The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link:
http://www.bankaudigroup.com/GroupWebsite/openAudiFile.aspx?id=3732
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Bank Audi S.A.L- Friday March 23, 2018:
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March 22, 2018
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (as may be amended from time to time, the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”)) and Deutsche Bank Trust Company Americas, in its capacity as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share, nominal value L.L. 1,663 per common share (the “Common Shares”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank of Beirut S.A.L- Wednesday March 21, 2018:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly to be held at 10:00 a.m., on Tuesday, April 10, 2018 at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Increase the Bank’s capital by issuing new common shares to be allocated to new shareholders. - Amend some articles of the Company’s by-laws to reflect the Capital increase. - Other subjects.
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BLOM Bank S.A.L. – Monday March 19, 2018
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 11, 2018 at 12.00 o’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2017. - Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit. - Approve the accounts stated on 31.12.2017 and allocate the results of the financial year. - Give full and final discharge to the President and to the Directors. - Fix the remunerations of the President and of the Directors. - Fix the remunerations of the Group Secretary and the General Managers. - Fix the remunerations of the President of Blom Bank Group. - Grant the Board of Directors authorities according to the laws in force and especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code. - Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code. – Appoint Auditors for a period of three years. – Nominate a Honorary Director at the Board of Directors. - Any matters which could arise. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2017; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1700 LL (less the tax) as dividend for each listed ordinary share as follows: Record Date April 16, 2018. Payment Date: April 17, 2018.
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Bank Audi S.A.L- Friday March 16, 2018
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EBRD invests in Bank Audi SAL launching its first Project in Lebanon (Read more)
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Memorial Day of P.M. R. Hariri- Wednesday February 14, 2018:
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On the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Wednesday February 14, 2018.
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Saint Maroun's Day - Friday February 09, 2018:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on Friday, February 09, 2018. Trading will be resumed on Monday, February 12, 2018.
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Banque BEMO S.A.L. – Thursday December 28, 2017:
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The Board of Directors of Banque BEMO S.A.L. invites the holders of Subordinated Notes issued by the bank to attend the founding General Assembly of bondholders to be held at 10:00 am on Monday, January 15, 2018 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Verify the full subscription in the Subordinated Notes. - Discuss the Assembly’s by-Laws. - Appoint the Assembly’s delegate. - Other topics.
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New Year Holiday
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Friday December 29, 2017 is the last trading day at the Beirut Stock Exchange in the year 2017.
On the occasion of New Year there will be no trading at the Beirut Stock Exchange on Monday, January 01, 2018. Trading will be resumed on Tuesday, January 02, 2018. .
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Christmas – Monday December 25, 2017:
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On the occasion of Christmas, there will be no trading at the Beirut Stock Exchange on Monday, December 25, 2017.
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BLC Bank S.A.L- Wednesday December 20, 2017:
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In reference to the Extraordinary General Assembly of shareholders of BLC Bank S.A.L. of September 12, 2017 that decided to redeem and cancel all the /550,000/ Series B preferred shares for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /550,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank, and in reference to the letter addressed by the bank to the Beirut Stock Exchange on December 19, 2017 that fix the record date on December 26, 2017, the Beirut Stock Exchange declares that the Ex-free shares distribution date of BLC common shares is December 21, 2017 . (Circular: 461/2017)
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• De-listing of a maturing Eurobond issue – Tuesday December 19, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday December 22, 2017 the Lebanese Republic Eurobonds Issue labeled Series number 17 (Tranch 1 and 2) worth USD /2,007,511,000/ carrying an Interest rate of 4.00% and maturing on 31/12/2017. (Circular: 460/2017)
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De-listing of a maturing Eurobond issue – Thursday December 7, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday December 12, 2017 the Lebanese Republic Eurobonds Issue worth LBP /1,500,000,000,000/ carrying an Interest rate of 7.90% and maturing on December 18, 2017. (Circular: 459/2017)
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Bank Audi S.A.L- Wednesday December 06, 2017:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,750,000/ Non-Cumulative, Perpetual, Redeemable, Convertible Series (J) Preferred Shares, issued by Bank Audi SAL in the official market of the stock exchange. Holders of Series (J) Preferred Shares will receive annual distribution of USD 4.00 for the year 2017 and USD 7.00 for the following years. Trading is scheduled to start on Thursday, December 07, 2017. (Circular# 458/2017)
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Prophet’s Birthday – Thursday November 30, 2017:
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There will be no trading at the Beirut Stock Exchange on Thursday November 30, 2017 on the occasion of the Prophet's Day
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Broker Name Amendment- Friday November 24, 2017:
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In reference to the decision of the Extraordinary General Assembly of Shareholders of Middle East Capital Group SAL dated June 1, 2017 and the decision of H.E. the Governor of the Central Bank of Lebanon dated September 22, 2017, published in the Official Gazette number 55 on November 23, 2017, the name of Middle East Capital Group (M.E.C.G.) SAL has been amended to become: FNB Capital S.A.L.
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Bank Audi S.A.L- Friday November 24, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Preferred Shares Series H to attend a General Meeting to be held at 10:30 a.m. on Monday, December 11, 2017 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: Appoint a new representative of the holders of Preferred Shares Series H.
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Independence Day – Wednesday November 22, 2017:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Wednesday, November 22, 2017
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Banque Bemo S.A.L. – Thursday November 16, 2017:
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The Board of Directors of Banque BEMO SAL announces that the subscription in the new non-convertible, non-callable subordinated notes, bearing an interest of 7% (subject to tax) will take place at the Bank’s Headquarters from November 20, 2017 till November 29, 2017. (The Announcement in Arabic)
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Arab Federation of Exchanges – Vacancy Announcement:
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يعلن اتحاد البورصات العربية عن فتح باب تقديم الترشيح لشغل منصب امين عام اتحاد البورصات العربية الكائن مقره في بيروت – لبنان. حددت شروط الترشيح بما يلي: 1- أن يكون عمر المرشح ما بين 35 و60 عاماً بتاريخ تقدمه لشغل المنصب. 2- أن يحمل إحدى الجنسيات العربية. 3- أن تكون لديه خبرة لمدة لا تقل عن 15 (خمسة عشر) سنة في مجال أسواق المال العربية أو العالمية أو في المجالات الاقتصادية المرتبطة بأسواق المال. 4- أن يكون حاصلاً على شهادة جامعية في إحدى التخصصات المناسبة لشغل الوظيفة والمرتبطة بأسواق رأس المال. 5- أن يجيد إجادة تامة، اللغة العربية إضافة إلى اللغة الإنكليزية، كما أن معرفة اللغة الفرنسية تعتبر ميزة إضافية. 6- أن تكون لديه مهارات في مجال الإتصال بالغير والمحادثة والكتابة وإعداد التقارير والتنظيم وإدارة وقيادة الجهاز الإداري وتحفيز المستخدمين وأن يكون لديه حضور شخصي ومهني وأن يكون حسن السمعة لم يسبق أن حكم بجريمة مخلّة بالشرف والأمانة وان لا يكون قد حكم بإشهار إفلاسه. 7- أن يلتزم بممارسة مهامه كأمين عام متفرغ في بلد مقر الاتحاد الكائن في بيروت. 8- أن يتم التعاقد معه لمدة أربع سنوات قابلة للتجديد لمرة واحدة فقط باتفاق الطرفين مع إمكانية فسخ العقد من قبل الإتحاد في حال مخالفته للشروط الوظيفية التعاقدية وفقا للقوانين اللبنانية المرعية الاجراء. يقتضي بالراغب تقديم ملف ترشحه للمنصب المذكور على عنوان الاتحاد الالكتروني المشار اليه التالي: AFE-HR@arab-exchanges.org على ان يتضمن المستندات الأولية التالية: رسالة خطية تفيد برغبة المرشح بشغل المنصب وبأسباب ترشحه لهذا المنصب. السيرة الذاتية مدعمة بشهادات الخبرة. صورة فوتوغرافية حديثة للمرشح. صورة جواز سفر ساري المفعول. أية مستندات أو معلومات أخرى قد تطلبها اللجنة التنفيذية لاحقا. يفتح باب الترشح لغاية 21 تشرين الثاني/نوفمبر 2017 ضمنا. اتحاد البورصات العربية الرئيس
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Ciments Blancs S.A.L – Thursday November 2, 2017:
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In reference to the Beirut Stock Exchange (BSE) Circular Nb. 445/2017 dated June 15, 2017, relating to the transfer of the shares of Societe Libanaise des Ciments Blancs SAL (Hereinafter: "Ciments Blancs") from bearer type into nominative type following the issuance of law Nb. 75/2016 (Official Gazette Nb. 52 dated 3/11/2016), the BSE would like to circulate the following (Read more)
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Certified Investor Relation Officer (CIRO) program
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The Middle East Investor Relations Association (MEIRA) will be conducting the Certified Investor Relation Officer (CIRO) program at the premises of the Beirut Stock Exchange located in Azarieh street, Azarieh Building, Block 01, 4th floor, on the 27th, 28th and 29th of November 2017 from 9:00 till 17:00. The program will cover the following areas: 1 – The principles and Practice of Investor Relations. 2 – Global Financial Markets. 3 – Companies and Regulation. 4 – The Regulatory Environment. 5 – Accounting, Valuation and Investment Principles. 6 – Effective IR Practice. For more information or to register please contact: info@meira.me or +971 (0) 4 3097034
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Holcim Liban S.A.L.- Monday October 30, 2017:
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In reference to the Beirut Stock Exchange (BSE) Circular Nb. 442/2017 dated May 02, 2017, relating to the transfer of the shares of Holcim (Liban) SAL (Hereinafter: "Holcim") from bearer type into nominative type following the issuance of law Nb. 75/2016 (Official Gazette Nb. 52 dated 3/11/2016), the BSE would like to circulate the following: First: As of the trading session of November 06, 2017: - No trading or block trade transactions will be executed at the BSE in "Holcim" bearer shares unless transferred into nominative type at Midclear. In case a Broker breaches such transfer obligation, he shall be in default of the delivery of the shares and will make the mandatory buy-in in accordance with BSE rules and procedures. - The bearer shares will continue to be listed on the Beirut Stock Exchange but will not be traded until transferred into nominative type. - Brokers must cancel all unexecuted orders of "Holcim" bearer shares placed prior to the trading session of November 06, 2017. - The same pricing, trading, settlement, clearing terms, pricing threshold, actual operations principle, minimum Block Trades transactions, lot size, etc. currently applied shall continue to apply. Second: This Circular becomes effective as of the beginning of the trading session of November 06, 2017.(Circular 455/2017)
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Bank Audi S.A.L- Monday October 30, 2017:
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Resolutions adopted by the Extraordinary General Meeting of Shareholders of October 27, 2017: First resolution: Take note of the completion of the processes for the cancelation of the Series “F” Preferred Shares and of the increase of the Bank’s share capital in order to round the nominal value of each individual share up to LBP 1,663 The Extraordinary General Meeting of shareholders of Bank Audi sal, having reviewed the resolution of the Board of Directors’ meeting held on October 2, 2017, and encompassing: - The verification of the completion of the procedures for the cancelation of the Series “F” Preferred Shares and the increase of the Bank’s share capital up to LBP 672,682,176,252, i.e. by an amount of LBP 347,494,428, through the incorporation of available reserves, in order to round the nominal value of each individual share up to LBP 1,663; (Read more)
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Rasamny Younis Motor Company S.A.L. – Tuesday October 17, 2017:
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Rasamny Younis Motor Company S.A.L. publishes its Unaudited Financial Statements for the period ended June 30, 2017. Report can be accessed by using the following URL: http://www.bse.com.lb/Portals/0/Rymco%20FS%201706.pdf
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Rasamny Younis Motor Company S.A.L. – Tuesday October 17, 2017:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held on Friday, November 17, 2017 at 10:00 a.m. at the Company’s Headquarters Chiyah Boulevard, to discuss the following agenda: - Empower the company to guarantee United Automotive Agency SAL for the debts of the latter to Credit Libanais SAL and/or Societe Generale de Banque au Liban SAL and give the proper authorizations according to articles 158 and 159 of the Code of Commerce. - Other topics.
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Bank Audi S.A.L- Tuesday October 10, 2017:
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October 9, 2017
Dear Global Depositary Receipt Holder:
Reference is hereby made to the Amended and Restated Deposit Agreement dated May 10, 2010 (the “Deposit Agreement”) between Bank Audi s.a.l. (the “Bank”) and Deutsche Bank Trust Company Americas, as depositary (the “Depositary”), relating to Global Depositary Receipts issued in respect of common shares of the Bank (the “GDRs”), each GDR representing one common share of the Bank with a nominal value LBP 1,663 per common share (each a “Common Share”). Capitalized terms used herein without otherwise being defined shall have the respective meanings assigned thereto in the Deposit Agreement.
(Read more)
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Bank Audi S.A.L- Tuesday October 10, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday October 27, 2017 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. Take note of the implementation of Resolution No. 1 adopted by the Extraordinary General Meeting of Shareholders held on July 21, 2017, relating to the cancelation of the Series “F” Preferred Shares and the increase of the Bank’s share capital in order to round the nominal value of each individual share up to LBP 1,663; 2. Verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 2,750,000 Series “J” Preferred Shares in accordance with Resolution No. 3 of the Extraordinary General Meeting held on July 21, 2017; and 3. The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Bank Audi S.A.L- Monday October 9, 2017:
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In reference to the circular number 446/2017 dated 30/06/2017, the Beirut Stock Exchange decided to de-list the /1,500,000/ Preferred Shares series “F” from the official market of the stock exchange, and took note of the Bank’s Capital increase that becomes LBP /672,682,176,252/ divided into /404,499,204/ common and preferred shares with a nominal value of LBP /1,663/ per share. This circular becomes effective upon publication. (Circular: 454/2017)
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De-listing of a maturing Eurobond issue – Friday September 29, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday October 6, 2017 the Lebanese Republic Eurobonds Issue labeled Series number 63 worth USD /600,000,000/ carrying an Interest rate of 5% and maturing on October 12, 2017. (Circular 453/2017)
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Bank Audi S.A.L- Thursday September 28, 2017:
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Bank Audi announces that the subscription in the new preferred shares series “J” will start on September 29, 2017 and end on October 03, 2017.
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Bank of Beirut S.A.L- Wednesday September 27, 2017:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 1 p.m., on Thursday October 12, 2017, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Give the authorization stipulated in Article 158 of the Code of Commerce regarding the subordinated loans that will be signed between Bank of Beirut SAL and Bank of Beirut (UK) Ltd. - Other topics.
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Hegria New Year – Thursday September 21, 2017:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Thursday, September 21, 2017. Trading will be resumed on Friday, September 22, 2017
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BLC Bank S.A.L- Thursday September 14, 2017
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The Extraordinary General Assembly of shareholders of BLC Bank S.A.L. held a meeting on September 12, 2017 and decided to redeem and cancel all the /550,000/ Series B preferred shares for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /550,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank. Likewise, the Extraordinary General Assembly decided to grant the Chairman / General Manager or the Vice Chairman the necessary powers to execute the distribution of the free common shares and to fix the payment date for the redeemed Series B preferred shares. Finally, the Extraordinary General Assembly decided to amend the Bank’s By-Laws to reflect the foregoing decisions. (Minutes of the meeting – Arabic)
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Beirut Stock Exchange –Tuesday September 12, 2017:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2017 and any other overdue fees before 29/12/2017. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: • At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. •Or by calling the BSE administration at phone No. 01-993555, before 15/12/2017 to send one of its representatives to collect the check, against an official receipt. (Circular 452/2017)
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Banque Bemo S.A.L. – Wednesday September 06, 2017:
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The Shareholders of Banque BEMO S.A.L. held a General Assembly at 10:00 am on Tuesday, September 5, 2017 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor and decided to issue Nonconvertible, Non-callable Subordinated Notes for an aggregate amount of USD 35 million, as per the following terms: Form of Notes: Nominative. Principal Amount: USD 35 million. Nominal Value per Note: USD 10,000. Number of Notes: 3,500. Subscription: Open to the public within a period to be fixed by the Board of Directors. Guarantees: None. Interest Rate: To be fixed by the Board (between 6.50% and 7.25% subject to 7.00% tax). Interest Payment Dates: June 30 and December 31 of each year, starting December 31, 2018. Maturity Date: January 04, 2024. The General Assembly also decided to grant the Chairman / General Manager the necessary powers to execute the above stated decisions, and to suspend the implementation of these resolutions until obtaining the approval of Banque Du Liban. (Minutes of Meeting, Arabic)
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Mourning Day – Friday September 08, 2017:
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In reference to the administrative memorandum issued by the Prime Minister declaring the closure of all public institutions on Friday, September 08, 2017 to mark a national day of mourning for the martyred soldiers, the Beirut Stock Exchange will close on the mentioned day.
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Eid Al Adha – September 1st till September 4th, 2017:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Friday, September 1, till Monday, September 4, 2017(included). Trading will be resumed on Tuesday, September 5, 2017.
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Solidere SAL- Tuesday August 29, 2017:
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Termination of Depository Agreements and delisting of GDRs
Furtuer to our previous correspondence on this subject including our letters of May 26, 2017 and June 29, 2017, we are pleased to advise you as follows: (Read more)
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BLC Bank S.A.L.- Thursday August 24, 2017:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Tuesday, September 12, 2017, at the Bank’s Head Office in Adlieh Beirut. To discuss the following agenda: - Redeem in order to cancel the Series “B” Preferred Shares and issue free nominal shares to keep the Capital unchanged and amend the Bank’s By-Laws. - Increase the Bank’s capital by issuing new Series “E” Preferred Shares and amend the Bank’s By-Laws accordingly. - The listing of new Series “E” Preferred Shares on the regulated Financial markets; - The granting to the Board of Directors and/or the Chairman of the necessary powers to execute the decisions of the Extraordinary General Assembly. - Other topics
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BLC Bank S.A.L.- Tuesday August 22, 2017:
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In reference to the decision of the Board of Directors of BLC Bank SAL held on June 06, 2017 related to the redemption and cancellation of all of the 550,000 Preferred Shares Series B, and in reference to the approval of the Central Bank of Lebanon on the above stated decision, and upon the decision of the Bank to pay, on August 28, 2017 the price of the redeemed shares, the Beirut Stock Exchange decided to cease trading in BLC Bank Preferred Shares Series B as of the end of the trading session of Tuesday, August 22, 2017. (Circular 451/2017)
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Banque Bemo S.A.L. – Thursday August 17, 2017:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend a General Assembly to be held at 10:00 am on Tuesday, September 5, 2017 at the Bank's Head Office in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - The issuance of Subordinated Notes for an aggregate amount of USD 35 million. - Other topics
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Arab Federation of Exchanges – Vacancy Announcement
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يعلن اتحاد البورصات العربية عن فتح باب تقديم الترشيح لشغل منصب امين عام اتحاد البورصات العربية الكائن مقره في بيروت – لبنان. حددت شروط الترشيح بما يلي: 1- أن يكون عمر المرشح ما بين 35 و60 عاماً بتاريخ تقدمه لشغل المنصب. 2- أن يحمل إحدى الجنسيات العربية. 3- أن تكون لديه خبرة لمدة لا تقل عن 15 (خمسة عشر) سنة في مجال أسواق المال العربية أو العالمية أو في المجالات الاقتصادية المرتبطة بأسواق المال. 4- أن يكون حاصلاً على شهادة جامعية في إحدى التخصصات المناسبة لشغل الوظيفة والمرتبطة بأسواق رأس المال. 5- أن يجيد إجادة تامة، اللغة العربية إضافة إلى اللغة الإنكليزية، كما أن معرفة اللغة الفرنسية تعتبر ميزة إضافية. 6- أن تكون لديه مهارات في مجال الإتصال بالغير والمحادثة والكتابة وإعداد التقارير والتنظيم وإدارة وقيادة الجهاز الإداري وتحفيز المستخدمين وأن يكون لديه حضور شخصي ومهني وأن يكون حسن السمعة لم يسبق أن حكم بجريمة مخلّة بالشرف والأمانة وان لا يكون قد حكم بإشهار إفلاسه. 7- أن يلتزم بممارسة مهامه كأمين عام متفرغ في بلد مقر الاتحاد الكائن في بيروت. 8- أن يتم التعاقد معه لمدة أربع سنوات قابلة للتجديد لمرة واحدة فقط باتفاق الطرفين مع إمكانية فسخ العقد من قبل الإتحاد في حال مخالفته للشروط الوظيفية التعاقدية وفقا للقوانين اللبنانية المرعية الاجراء. يقتضي بالراغب تقديم ملف ترشحه للمنصب المذكور على عنوان الاتحاد الالكتروني المشار اليه التالي: AFE-HR@arab-exchanges.org على ان يتضمن المستندات الأولية التالية: § رسالة خطية تفيد برغبة المرشح بشغل المنصب وبأسباب ترشحه لهذا المنصب. § السيرة الذاتية مدعمة بشهادات الخبرة. § صورة فوتوغرافية حديثة للمرشح. § صورة جواز سفر ساري المفعول. § أية مستندات أو معلومات أخرى قد تطلبها اللجنة التنفيذية لاحقا. يفتح باب الترشح لغاية 15 أيلول/سبتمبر 2017 ضمنا. اتحاد البورصات العربية الرئيس
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Assumption of the Virgin Mary - Tuesday August 15, 2017:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Tuesday, August 15, 2017.
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BLC Bank S.A.L- Thursday August 10, 2017:
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The Board of Directors of BLC Bank S.A.L. held a meeting on June 06, 2017 and decided to suggest to the Extraordinary General Assembly of shareholders to redeem and cancel all the /550,000/ Preferred Shares Series B for a price of USD /103/ per share, and concurrently with the cancellation process, to substitute the nominal value of the canceled shares in the Bank’s Capital through the issuance of /550,000/ new common shares, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank. Likewise, the Board of Directors decided to increase the capital of the Bank through the issuance of new Non-Cumulative, Perpetual, Redeemable preferred shares to be labeled preferred shares Series E. Holders of the new Series E preferred shares will receive annual distribution between 6.75% and 7.00% of the issue price (USD 100 per new preferred share). The right to subscribe to the new preferred shares will be limited to the holders of Series B, C and D Preferred Shares. (Minutes of the meeting – Arabic)
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Bank Audi S.A.L- Thursday August 10, 2017
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended June 30, 2017. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank Audi S.A.L- Wednesday August 09, 2017
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It is with great sadness that we announce the passing of Sheikha Suad Hamad Saleh Al Homaizi co-founder and Board Member of Bank Audi sal. Sheikha Suad has been a non-executive member of the Board of Directors since 1962, date of the founding of the Bank. Samir Hanna, Chairman of the Board and Group Chief Executive Officer, declared: “We are saddened by the loss of a very dear founding member of the Bank Audi family who has closely accompanied and supported every step of the Bank’s growth. She was also a known philanthropist who generously supported many noble causes and charitable institutions. Our thoughts go to her family and loved ones.”
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Rasamny Younis Motor Company S.A.L. – Monday August 07, 2017
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The Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held a meeting on 04/08/2017 and declared a gross dividend distribution of LBP /4,395,300,000/; LBP /161/ per share before distribution tax. Dividends will be paid starting January 15, 2018, after deducting the 5% distribution tax, for the holders of series B Common shares on record as at January 12, 2018. Shares will trade ex-dividend starting January 10, 2018.
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Rasamny Younis Motor Company S.A.L. Wednesday July 26, 2017:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders of the Company to hold the Annual General Assembly Meeting on Friday, August 4, 2017 at 10:00 a.m. at the Company’s Headquarters Chiyah Boulevard, to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2016. - Examine the Auditors’ General and Special reports for the year 2016. - Approve the accounts of the year 2016 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2016. – Approve the operations that occurred between the Company and some Board members during the year 2016 and give prior authorization to the Board members according to articles 158 of the Code of Commerce. - Give prior authorization to the Board members according to articles 159 of the Code of Commerce. Give the Board of Directors the authorization to take credits from banks. - Fix the remunerations of the Chairman and Directors for the year 2017. - Appoint the External Auditor for the year 2017 and fix his remuneration. – Other topics.
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BLOM Bank S.A.L. – Monday July 24, 2017:
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In reference to the circular number 444/2017 dated 07/06/2017, the Beirut Stock Exchange decided to de-list the /20,000,000/ BLOM Bank Preferred Shares Class 2011 from the official market of the stock exchange, and took note of the Bank’s Capital increase that becomes LBP /322,500,000,000/ divided into /215,000,000/ common shares with a nominal value of LBP /1,500/ per share. This circular becomes effective upon publication. (Circular 450/2017
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Ciments Blancs S.A.L – Tuesday July 18, 2017:
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In reference to the announcement and the Clarification Statement issued by Societe Libanaise des Ciments Blancs SAL related to the distribution of the 2016 dividends, the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I- Bearer Shares: Shares will be traded with coupon Nb. 12 till the end of the trading session of Tuesday July 18, 2017 (included). Starting the trading session of Wednesday July 19, 2017, shares will be traded without coupon Nb.12. II– Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Tuesday July 18, 2017 (included). Starting the trading session of Wednesday July 19, 2017, (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim Liban S.A.L.- Tuesday July 18, 2017:
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In reference to the announcement and the Clarification Statement issued by Holcim (Liban) SAL related to the distribution of the 2016 dividends, the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows: I- Bearer Shares: Shares will be traded with coupon Nb. 12 till the end of the trading session of Tuesday July 18, 2017 (included). Starting the trading session of Wednesday July 19, 2017, shares will be traded without coupon Nb.12. II– Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Tuesday July 18, 2017. Starting the trading session of Wednesday July 19, 2017, (Ex-dividends date) shares will be traded without the above stated dividends.
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BLC Bank S.A.L.- Monday July 17, 2017:
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BLC Bank S.A.L publishes extract of the minutes of meeting of the Annual Ordinary General Assembly Meeting of shareholders of June 29, 2017. (Arabic & French)
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Ciments Blancs S.A.L – Thursday July 13, 2017:
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In implementation of the resolution of the Ordinary General Assembly held on June 22, 2017 related to the distribution of the 2016 dividends, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /693.5/ per share (net of distribution tax), will be paid starting July 24, 2017 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders (holders of nominative shares) can receive their dividends through the following banks: Banque Libano Francaise: 1 - Geitawi Branch –Beirut, 2 - Jbeil Branch –Jbeil, 3 - Al Tall Branch – Tripoli from July 24, 2017 till December 24, 2017. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. Other shareholders (holders of bearer shares) can receive their dividends in exchange of coupon Nb. 12 from the shares issued on 05/01/1998 through the above stated banks, from July 24, 2017 till November 03, 2017. After November 03, 2017 holders of bearer shares should exchange the bearer shares into nominative shares in order to receive dividends. Record date for Nominative Shares is July 21, 2017.
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Holcim Liban S.A.L.- Thursday July 13, 2017:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on July 7, 2017 related to the distribution of the 2016 dividends, Holcim (Liban) SAL announces that dividends set at LBP /3600/ per share (net of distribution tax), will be paid starting July 24, 2017 as follows: -Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders (holders of nominative shares) can receive their dividends through the following banks: 1) Banque Libano Francaise (Geitawi Branch, Jbeil Branch, Al Tall Branch, Tripoli) & 2) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 24, 2017 till December 24, 2017. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. Other shareholders (holders of bearer shares) can receive their dividends in exchange of coupon Nb. 12 from the shares issued on 14/05/2007 through the above stated banks, from July 24, 2017 till November 03, 2017. After November 03, 2017 holders of bearer shares should exchange their bearer shares into nominative shares in order to receive dividends. Record date for Nominative Shares is July 21, 2017.
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De-listing of a maturing Eurobond issue – Wednesday July 12, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday July 17, 2017 the Lebanese Republic Eurobonds Issue labeled Series #46 worth USD /300,000,000/ carrying an Interest rate of 3.75% and maturing on July 20, 2017.
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Solidere SAL- Tuesday July 11, 2017:
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Solidere SAL publishes the minutes of the meeting of the Ordinary General Assembly of shareholders of June 19, 2017. (Minutes of the meeting Arabic)
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Holcim Liban S.A.L.- Friday July 07, 2017
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Transfer from Bearer into Nominative Shares
I- BRIEFING ON THE LEGAL ASPECT
Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares. read more...
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Bank of Beirut S.A.L- Thursday July 06, 2017:
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On July 03, 2017 the following trade on Bank of Beirut – Listed Shares was executed at the Beirut Stock Exchange: Seller / Bank of Beirut S.A.L, Buyer / Rashed El Rashed, Number of shares / 225,000. Price per share / USD 18.80. The new percentage ownership of the two parties in the common share capital of the bank becomes as follow: Rashed Al Rashed: 4.11% and Bank of Beirut S.A.L: 0.23%.
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Bank Audi S.A.L- Tuesday July 04, 2017:
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BANK AUDI ANNOUNCES ITS INTENTION TO REDEEM AND CANCEL THE SERIES F PREFERRED SHARES.
For immediate release -Bank Audi announces its intention to redeem and cancel all the 1,500,000 outstanding Non-Cumulative Redeemable Series F Preferred Shares of the Bank issued in May 2012.
The redemption is expected to take place on or around 7 July 2017.
This announcement is for information only.
For further information:
Corporate Secretariat
Farid Lahoud
Group Corporate Secretary
Corporate.secretary@banqueaudi.com
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Bank Audi S.A.L- Tuesday July 04, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:00 a.m. on Friday July 21, 2017 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. The cancellation of the Series “F” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL 1,663;
2. The amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing;
3. The increase of the Bank’s capital through the issuance of a new series of preferred shares (pursuant to Lebanese Law No 308/2001);
4. The listing of such newly-issued preferred shares on the Beirut Stock Exchange;
5. The amendment of the Bank’s By-Laws, including, in particular, articles 6 and 8 thereof, in order to reflect the actions described in items 3 and 4 above;
6. The submission of the actions described in items 1-5 inclusive for approval by the Central Bank of Lebanon acting through its Central Council; and
7. The granting to the Chairman of the Board of Directors (acting singly) or any 2 Directors – General Managers (acting jointly) of the necessary powers to seek required approvals, to set deadlines and to perform all other acts and procedures in furtherance of all of the foregoing resolutions.
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Solidere SAL- Monday July 03, 2017:
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Solidere GDRs are now delisted and ceased to be traded on the London Stock Exchange. (Read more)
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Bank Audi S.A.L- Friday June 30, 2017:
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Based on the decision of the Board of Directors of Bank Audi SAL related to the cancellation of all Series “F” preferred shares within a period of 60 days following June 22, 2017, and based on the approval of the Central Bank of Lebanon on the above stated decision and upon the request of the Bank to cease trading in Series F Preferred shares, the Beirut Stock Exchange decided to cease trading in Bank Audi Series “F” Preferred Shares starting the beginning of the trading session of Tuesday July 04, 2017. (Circular 446/2017)
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BLC Bank S.A.L.- Friday June 30, 2017:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on June 29, 2017 resolved to approve the bank’s accounts for the year 2016 and declared distribution of dividends as follows: I - Dividends before distribution tax ( 5%): Preferred Shares Class B: USD 7 per share. Preferred Shares Class C: USD 6.75 per share. Preferred Shares Class D: USD 1.84 per share. II - Dividends net of distribution tax ( 5%): Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.41 per share. Preferred Shares Class D: USD 1.75 per share. III - Important dates: 04 July 2017: Dividend record date. 30 June 2017: Ex-dividend date. 05 July 2017: Dividend payment date.
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Ciments Blancs S.A.L – Wednesday June 28, 2017:
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The Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL convened on 22/06/2017 and decided to: - Approve the Balance Sheet and Income Statement of the fiscal year 2016 and discharge the Board of Directors in respect of activities performed during 2016. - Approve the Board of Directors’ report for the year 2016 ending on 31/12/2016. - Approve the Auditors’ report for the year 2016 ending on 31/12/2016. - Approve the Board of Directors’ report drafted in accordance with article 158 of the Code of Commerce and approve all the operations mentioned in the report. - Approve the Auditors’ report drafted in accordance with article 158 of the Code of Commerce. - Re-elect Mr. Jamil Bou Haroun to the Board of Directors for a period of 3 years, ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2019. - Nominate DELOITTE as Auditors for the fiscal year 2017. - Distribute gross dividends of LBP /730/ per share; LBP /693.5/ per share net of distribution tax.
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Eid Al Fitr: June 26 and 27, 2017
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Monday, June 26 and Tuesday, June 27, 2017. Trading will be resumed on Wednesday June 28, 2017.
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BLOM Bank S.A.L. – Monday June 19, 2017:
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BLOM BANK S.A.L. announced that it has fully acquired all assets and liabilities of HSBC Bank Middle East Limited – Lebanon starting June 17, 2017 after obtaining the approval of Banque du Liban.
HSBC operated through three branches in Dora, Ras Beirut, and “Zaitunay Bay”.
BLOM BANK S.A.L. will ensure employment continuity to all HSBC Bank Middle East Limited – Lebanon employees. BLOM BANK S.A.L. is also committed to assist its old and new clients in their financial needs with the full support of its qualified team.
This acquisition falls under BLOM BANK S.A.L.’s strategy of expanding its customer base and diversifying its assets and sources of revenue. The transaction will help BLOM BANK S.A.L. expand its Corporate and Commercial businesses as well as its Retail activities
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BLOM Bank S.A.L. – Tuesday June 13, 2017:
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The Extraordinary General Assembly of shareholders of BLOM Bank SAL held a meeting on Friday, April 28, 2017 and decided to redeem and cancel all the 20 million Preferred Shares series 2011, to substitute their nominal value in the capital of the Bank through the incorporation of an equivalent amount from the reserve account, and for the avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assembly decided to increase the capital of the Bank to become LBP 322,500,000,000 through the incorporation of an additional amount from the reserve account, resulting in a nominal value of LBP /1,500/ per common share. The Extraordinary General Assembly also decided to grant the Board of Directors the necessary powers to verify the above stated decisions and modified article 6 of the Bank’s By Laws to reflect the capital increase.
(Meeting of the Extraordinary General Assembly dated April 28, 2017)
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BLOM Bank S.A.L. – Tuesday June 13, 2017:
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The Extraordinary General Assembly of shareholders met on Friday, April 07, 2017 at the Bank’s Headquarters and decided to approve the purchase of all the assets, rights, liabilities and obligations of HSBC Middle East Limited - Lebanon Branch by BLOM Bank SAL. The Extraordinary General Assembly also decided to give the Board of Directors and/or the Chairman all the powers to execute the acquisition. On February 20, 2017 the Central Bank of Lebanon took a decision that gives BLOM Bank SAL an initial approval to purchase all assets, rights, liabilities and obligations of HSBC Middle East Limited - Lebanon Branch. (Extraordinary General Assembly)
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Holcim Liban S.A.L.- Monday June 12, 2017:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Friday, July 7, 2017 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2016 and give the Board of Directors complete clearance for the business of the year 2016. - Approve the report of the Board of Directors for the year ended December 31, 2016. - Approve the report of the Auditors for the year ended December 31, 2016. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2017 and determine their fees. Distribute Dividends. - Give the authorization to the Directors in accordance with the provisions of article 29 of the company’s by-laws. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least five days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares whose shares are deposited in authorized banks and the owners of bearer shares, whose shares are deposited in the Company against Certificate of deposit, must register their names in the Company’s record within the same period after presenting their Certificate of deposit.
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BLC Bank S.A.L.- Thursday June 08, 2017:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 12:00 pm on Thursday June 29, 2017, at the Bank’s Head Office in Adlieh Beirut, BLC Bank bldg. To discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the fiscal year 2016. - Examine the Reports of the Auditors for the fiscal year 2016. - Give proper approval as per Articles 158 &159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the accounts of the fiscal year 2016. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Other topics.
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BLOM Bank S.A.L. – Wednesday June 07, 2017:
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In reference to the decision of the Extraordinary General Assembly of BLOM Bank S.A.L. held on April 28, 2017 related to the redemption and cancelation of all the /20.000.000/ Preferred Shares Class 2011, and in reference to the approval of the Central Bank of Lebanon, and upon the decision of the Bank to pay, on June 07, 2017, the price of the redeemed shares based on the issue price, the Beirut Stock Exchange decided to cease trading in BLOM Bank Preferred Shares Class “2011”. This becomes effective upon publication. (Circular 444/2017)
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Banque Bemo S.A.L. – Monday June 05, 2017:
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In Reference to the announcement issued by Banque BEMO SAL related to the distribution of dividends for the holders of shares on record as at June 9, 2017, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is Wednesday June 7, 2017.
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Banque Bemo S.A.L. – Monday June 05, 2017:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on June 05, 2017 and approved the distribution of dividends for the year 2016 amounting to LBP 8,599 million as follows: To Holders of Common Shares: • LBP 80 per share (LBP 76 net of 5% distribution tax) To Holders of Preferred Shares: • Class 2013: USD 7 per share (USD 6.65 net of 5% distribution tax) Dividends will be paid starting June 22, 2017 after deducting the 5% distribution tax, for the holders of Common and Preferred shares as at June 9, 2017 (Record Date), according to the records of Midclear S.A.L.
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Ciments Blancs S.A.L – Tuesday May 30, 2017:
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I- BRIEFING ON THE LEGAL ASPECT Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares. (Read more)
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Ciments Blancs S.A.L – Tuesday May 30, 2017:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Ordinary General Assembly Meeting at 10 am on Thursday, June 22, 2017 at the offices of Holcim (Liban) S.A.L. in Dbayeh, (highway, Mitsulift bldg, 2nd floor) to discuss the following agenda: - Approve the financial statements for the year 2016 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2016. - Examine and approve the Auditors’ report for the year 2016. - Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Designate the External Auditors for the year 2017 and fix their remunerations. - Distribute dividends. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least seven days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares and the owners of bearer shares, whose shares are deposited in the Company or in the banks or Financial Institutions against a Certificate of deposit, must register their names in the Company’s record within the same period against a Certificate of deposit.
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MOU between BSE and MEIRA
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Beirut, Lebanon. The Middle East Investor Relations Association (MEIRA) and the Beirut Stock Exchange (BSE) signed a Memorandum of Understanding (MOU) on Friday 26 May, marking the launch of increased collaboration between the two organisations in promoting best practice in Investor Relations (IR) in Lebanon.
The signing ceremony took place at the BSE headquarters and was inaugurated by Ghaleb Mahmassani, BSE Acting Chairman, followed by Sami Saliba, Capital Market Authority Vice-Chairman, who gave a keynote speech on the regulatory landscape in Lebanon. (Read more)
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Solidere SAL- Friday May 26, 2017:
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As the Ordinary General Assembly was invited to meet for the first time on May 26, 2017 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on June 19, 2017 at Biel Downtown to discuss the following agenda- Examine the Board of Director’s Report for 2016. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2016. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2016. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2016. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday July 11, 2017 at Biel Downtown.
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Solidere SAL- Friday May 26, 2017:
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Intended Delisting from the London Stock Exchange and Intended Termination of the Deposit Agreement. (Read more)
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Banque BEMO S.A.L. – Thursday May 18, 2017:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting that will be held at 9:00 am on Monday, June 5, 2017 at the Bank’s offices in Achrafieh, Elias Sarkis Street, Bemo Bank bldg., 2nd Floor to discuss the following agenda: 1) Examine the Board of Director’s general Report for the year 2016. 2) Examine the Auditors’ Report for the year 2016. 3) Examine the Board of Director’s Special Report and the Auditors’ Special Report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. 4) Examine and approve the accounts for the year 2016 and allocate the results of the fiscal year. 5) Approve the Consolidated Financial Statements as at 31/12/2016. 6) Give full discharge to the Chairman and members of the Board of directors for the year 2016. 7) Fix the remunerations of the Chairman – General Manager for the year 2017. 8) Fix the remunerations of the Board of directors for the year 2017. 9) Assign External Auditors and fix their remunerations. 10) Other subjects. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the bank’s head office 15 days before the Ordinary General Assembly.
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Holcim Liban S.A.L.- Thursday May 18, 2017
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Transfer from Bearer into Nominative Shares
I- BRIEFING ON THE LEGAL ASPECT
- Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares.
read more...
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Bank of Beirut S.A.L- Tuesday May 16, 2017
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Bank of Beirut S.A.L publishes its Audited Consolidated Financial Statements for the year ended December 31, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB FS20161231.pdf
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Bank Audi S.A.L- Wednesday May 10, 2017:
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended March 31, 2017.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com
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Bank of Beirut S.A.L- Friday May 05, 2017:
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The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on 05/05/2017 and resolved to approve the Bank’s accounts for the year 2016 and declared distribution of dividends as follows: 1- Preferred Shares: An amount of USD/33,469,849/distributed as follows: - To Holders of Series “G” Preferred Shares: A total amount of USD/8,434,125/on the basis of USD 2.3625 per share before distribution tax at the rate of 5%. - To Holders of Series “H” Preferred Shares: A total amount of USD/9,450,000/on the basis of USD 1.75 per share before distribution tax at the rate of 5%. - To Holders of Series “I” Preferred Shares: A total amount of USD/8,437,500/on the basis of USD 1.6875 per share before distribution tax at the rate of is 5%. - To Holders of Series “J” Preferred Shares: A total amount of USD/4,875,000/on the basis of USD 1.6250 per share before distribution tax at the rate of 5%. - To Holders of Series “K” Preferred Shares: A total amount of USD/2,273,224/on the basis of USD 0.5683 per share before distribution tax at the rate of 5% for the period extended from 25 August 2016 to 31 December 2016. 2- Priority Shares Class 2014: Priority dividends amounting USD /4,000,080/; USD 0.84 per share before distribution tax at the rate of 5%. 3- Common Shares: Dividends amounting to LBP /57,946,900,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 1,000 per share before distribution tax at the rate of 5%. Dividends will be paid through Midclear S.A.L. starting May 11, 2017 for the holders of shares as at 10/05/2017 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date is May 08, 2017.
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Solidere SAL- Thursday May 04, 2017:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday May 26, 2017 at Biel Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2016. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2016. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2016. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2016. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday June 19, 2017 at Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Tuesday, July 11, 2017 at Biel Downtown.
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Bank of Beirut S.A.L- Tuesday May 02, 2017:
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On April 28, 2017 the following Block Trade on Bank of Beirut – Listed Shares was executed at the Beirut Stock Exchange: Seller / Mr. Fawaz Naboulsi, Buyer / FSHN Limited, Number of shares / 176,650, Price per share / USD 16.00. Mr. Fawaz Naboulsi is the sole owner of the 2,000 issued shares out of the 15,000 outstanding shares of FSHN Limited. The new percentage ownership of the two parties in the share capital of the bank becomes as follow: Mr. Fawaz Naboulsi: 0.0002% and FSHN Limited: 4.3943%.
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Holcim Liban S.A.L.- Tuesday May 02, 2017:
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Reference to the announcement issued by LafargeHolcim, on Monday, April 24 about the conclusion of the independent investigation into the Syria review and the resignation of Group CEO, Eric Olsen, we would like to clarify the following (Read more)
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Labor Day –Monday May 01, 2017:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Monday, May 01, 2017. Trading will be resumed on Tuesday, May 02, 2017.
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Byblos Bank S.A.L. - Saturday April 29, 2017:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 28 April 2017 at the Bank’s Headquarters, approved on the distribution of dividends for the year 2016 as follows: For Common Shareholders: LBP 200 per share (LBP 190 Net of 5% withholding tax). For Preferred Shareholders: Class 2008: USD 8 per share (USD 7.6 Net of 5% withholding tax). Class 2009: USD 8 per share (USD 7.6 Net of 5% withholding tax). Such dividends will be paid on or about 5 May 2017 after deducting the 5% withholding tax, to shareholders as at 4 May 2017 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 2 May 2017. For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5% withholding tax and other expenses starting 10 May 2017.
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Bank of Beirut S.A.L- Thursday April 27, 2017:
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Bank of Beirut S.A.L publishes its Consolidated Unaudited Financial Statements for the period ended March 31, 2017. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB%20FS%20032017.pdf
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Holcim Liban S.A.L.- Friday April 21, 2017:
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Following the issuance of circular no. 411 of the Central Bank, law no. 75/2016 was promulgated cancelling the bearer shares in Lebanon and imposing on companies and shareholders the obligation of transferring the bearer shares into nominative shares.
More….
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Bank of Beirut S.A.L- Tuesday April 18, 2017:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly meeting to be held at 10 a.m., on Friday May 5, 2017, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: • Approve the reports of the Board of Directors for the fiscal year 2016. • Approve the Auditors’ reports for the fiscal year 2016. • Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2016. • Appropriate the profits for the year 2016. • Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2016 • Elect a new Board of Directors. • Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. • Nominate the Auditors for the Fiscal years 2017, 2018 & 2019. • Other subjects.
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Good Friday and Easter Holiday– April 14-17 2017:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the 14th and the 17th of April 2017.
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Bank Audi S.A.L- Tuesday April 11, 2017:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. convened on April 10, 2017 and resolved, amongst other things, to: (i) take note of the resignation of the Chairman of the Board of Directors, Mr. Raymond Audi, 84, who decided to stand down from the Board of Directors, after having served as Director of the Company since its incorporation in 1962 in order to devote more time to his personal life; and expressed its gratitude to Mr. Raymond W. Audi for his leadership and dedication throughout his 55 years of service. (ii) elect Mrs. Sherine R. Audi, Mr. Carlos A. Obeid and Mr. Aristidis I. Vourakis as Directors for the remainder of the current Board’s mandate (i.e. until the Annual General Assembly expected to be held in April 2019 that will examine the activity and accounts of the year 2018). The Board convened following the General Assembly and resolved, amongst other things, to elect Mr. Samir N. Hanna as Chairman of the Board – General Manager. Mr. Samir Hanna will henceforth serve as Chairman of the Board and Group CEO. The Board of Directors is now composed as follows: Mr. Samir N. Hanna (Chairman and Group CEO); Dr. Marwan M. Ghandour (vice-chairman); Dr. Freddie C. Baz (vice-chairman); Sheikha Suad H. Al Homaizi; Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Imad I. Itani; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar; Mrs. Sherine R. Audi; Mr. Carlos A. Obeid; Mr. Aristidis I. Vourakis. More
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Bank Audi S.A.L- Tuesday April 11, 2017:
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In reference to the announcement issued by Bank Audi SAL dated April 10, 2017 related to the decision of the Annual Ordinary General Assembly of shareholders of April 10, 2017 to distribute dividends for the holders of shares on record as at April 13, 2017 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of Bank Audi SAL is Tuesday, April 11, 2017. (Circular 441/2017)
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Bank Audi S.A.L- Tuesday April 11, 2017:
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The Ordinary General Assembly of Shareholders of Bank Audi sal convened on April 10, 2017 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2016 and (ii) declare a gross distribution of dividends as follows: To Holders of Series “F” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. To Holders of Series “I” Preferred Shares a total of USD 7.5 Million on the basis of USD 3 per share To Holders of Common Shares: a total of LBP 301.3 Billion on the basis of LBP 753.75 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: To Holders of Series “F” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share. To Holders of Series “G” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share. To Holders of Series “H” Preferred Shares a total of USD 4.631 Million on the basis of USD 6.175 per share. To Holders of Series “I” Preferred Shares a total of USD 7.125 Million on the basis of USD 2.85 per share. To Holders of Common Shares: a total of LBP 286.25 Billion on the basis of LBP 716.06 per share. Dividends will be paid through Midclear S.A.L. starting April 18, 2017 for the holders of Shares as at April 13, 2017 (Record Date), according to the records of Midclear S.A.L.
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BLOM Bank S.A.L. – Monday April 10, 2017:
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In reference to the announcement issued by BLOM Bank SAL related to the decision of the Annual Ordinary General Assembly of shareholders of April 7, 2017 to distribute dividends for the holders of shares on record as at April 12, 2017 (Record date).
The Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of BLOM Bank SAL is Monday, April 10, 2017. (Circular 440/2017)
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BLOM Bank S.A.L. – Monday April 10, 2017:
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We are pleased to notify you that the Board of Directors of BLOM Bank S.A.L convened on Friday, April 7th, 2017 and took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Friday, April 28th, 2017 at 12.30 p.m. in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Take a decision about the redemption and the cancellation of all the 20 million Preferred Shares series 2011 issued by the Bank. - Increase of the Bank’s Capital concomitantly with the redemption and the cancellation of the Series 2011 Preferred Shares and execute all the related necessary procedures. - Modify article 6 of the Bank’s By Laws. - Give the Board of Directors all the powers to verify the redemption and the cancellation of the Series 2011 Preferred Shares and the increase of the Capital. - Any matters which could arise.
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BLOM Bank S.A.L. – Monday April 10, 2017:
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BLOM BANK S.A.L. is pleased to inform the Bank’s Shareholders that the Annual Ordinary General Assembly convened on April 7, 2017 at the Bank’s Headquarters and approved the accounts of the Bank for 2016 and the distribution of dividends and returns amounting to LBP 343,262,708 thousand as follows: • To Holders of Preferred Shares series 2011, an amount of USD 0.70 per share • To Holders of Common Listed Shares, an amount of LBP 1500 per share As a result of the above, the net payable amounts, after deduction of the applicable distribution tax at the rate of 5%, are as follows: • To Holders of Preferred Shares series 2011, an amount of USD 0.665 per share. • To Holders of Common Listed Shares, an amount of LBP 1425 per share. Payment shall take place through Midclear S.A.L., starting the 12th of April, 2017 for the holders of Preferred Shares series 2011 and 13th of April, 2017 for the holders of Common Listed Shares according to the records of Midclear S.A.L as at April 12, 2017 (Record Date). Regarding BLOM GDR Holders, the profit share are expected to be settled by BANK OF NEW YORK MELLON starting from April 26th, 2017
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Bank Audi S.A.L- Monday April 3, 2017:
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BANK AUDI AGREES TO SELL ITS ELECTRONIC PAYMENT AND CARD SERVICES BUSINESS TO M1 GROUP
For immediate release - Bank Audi s.a.l. (Bank Audi) announces that it has entered into an agreement with M1 Financial Technologies (Holding) SAL (M1 Financial Technologies), a subsidiary of M1 Group, to sell its electronic payment and card services business for a price of U.S.$185 million, subject to adjustment, plus contingent deferred consideration of up to U.S.$ 35 million.
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Byblos Bank S.A.L. - Monday April 3, 2017:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 a.m. on Friday, 28 April 2017, in order to discuss and decide on the matters listed in the following agenda: • To hear the general and special Board reports for the fiscal year 2016. • To hear the Auditors’ general and special reports for the fiscal year 2016. • To advise on the accounts of the fiscal year 2016 and on the allocation of its results. • To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2016. • To advise on the election of a new Board of Directors. • To advise on the operations performed between the Board members and the Bank during the fiscal year 2016 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2017 all the operations described in the special report of the Board of Directors and the Auditors. • To advise on the determination of the auditors’ remuneration and the directors and Board committee members’ emoluments for the fiscal year 2017. • Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2016, general and special reports of both the Board and the Auditors for the fiscal year 2016, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 3, 2017:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Friday, 28 April 2017, in order to discuss and decide on the matters listed on the following agenda: • To hear the general and special Board reports for the fiscal year 2016. • To hear the Auditors’ general and special reports for the fiscal year 2016. • To approve the accounts of the fiscal year 2016 and on the allocation of its results. • To discharge the chairman and Board members for their administrative duties during the fiscal year 2016. • To approve the operations performed between the Board members and the Bank during the fiscal year 2016 and to authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2017 all the operations described in the special report of the Board of Directors and the Auditors. • To determine the auditors’ remuneration and the Board of Directors and Board committee members’ emoluments for the fiscal year 2017. • Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2016, general and special reports of both the Board and the Auditors for the fiscal year 2016, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 3, 2017:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 31 March 2017, to propose to the Ordinary General Assembly convened to meet on 28 April 2017 at the Bank’s Headquarters, the distribution of dividends for the year 2016 as follows: For Common Shareholders: • LBP 200 per share (Before withholding tax) For Preferred Shareholders: • Class 2008: USD 8 per share; (Before withholding tax) • Class 2009: USD 8 per share; (Before withholding tax) Subject to the Ordinary General Assembly’s approval, such dividends will be paid on or about 5 May 2017 after deducting the withholding tax, to shareholders as at 4 May 2017 (record date), according to the records of Midclear (the Central Depository). For GDR holders: • LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 10 May 2017.
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Bank of Beirut S.A.L- Friday March 31, 2017:
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On March 28, 2017 the following two Block Trades on Bank of Beirut – Listed Shares have been executed at the Beirut Stock Exchange: I – Seller / Salim Sfeir, Buyer / Sfeir Bancorp Limited, Number of shares / 498,540, Price per share / USD 16.00. II - Seller / Fawaz Naboulsi, Buyer / FSHN Limited, Number of shares / 318,423 Price per share / USD 16.00. Mr. Salim Sfeir is the sole owner of the 2,000 issued shares of Sfeir Bancorp Limited out of the 15,000 outstanding shares. Mr. Fawaz Naboulsi is the sole owner of the 2,000 issued shares of FSHN Limited out of the 15,000 outstanding shares. The new percentage ownership of the four parties in the share capital of the bank becomes as follow: Mr. Salim Sfeir: 0.0002%, Mr. Fawaz Naboulsi: 0.86%, Sfeir Bancorp Limited: 4.43% and FSHN Limited: 3.39%.
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Bank Audi S.A.L- Friday March 24, 2017:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 10, 2017 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2016 and to examine the following agenda:
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Bank Audi S.A.L- Friday March 24, 2017:
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Bank Audi sal’s Annual Report for the year ended 31 December 2016 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below:
The Group Corporate Secretary
Bank Audi sal
Audi Plaza – Bab Idriss
PO. Box 11-2560
Beirut - Lebanon
The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link:
http://www.bankaudigroup.com/Library/Assets/AnnualReport_2016.pdf
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Bank Audi S.A.L- Friday March 24, 2017:
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In its meeting held on March 20, 2017, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 753.75 per common share.
Subject to the General Assembly's approval, such dividends will be paid, after deduction of applicable taxes, on or about April 18, 2017 to holders of common shares as at April 13, 2017 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLOM Bank S.A.L. – Tuesday March 21, 2017:
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold an Extraordinary General Assembly Meeting on Friday, April 7th, 2017 at 13.30 p.m in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the preliminary approval by the Central Council of the Central Bank of Lebanon, issued under no 83/mm/3, dated February 20th, 2017 approving the acquisition by BLOM Bank S.A.L of all the Assets & Shareholders Equity & Liabilities & Commitments of HSBC Bank Middle East Limited- Lebanon Branch according to Article 10 of the Law No 192/93 and its modifications - Approve the acquisition by Blom Bank SAL of all the Assets & Shareholders Equity & Liabilities & Commitments of HSBC Bank Middle East Limited- Lebanon Branch according to Article 10 of the Law No 192/93 and its modifications - Give the Board of Directors and/or the Chairman all the powers to execute the acquisition - Any matters which could arise
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BLOM Bank S.A.L. – Tuesday March 21, 2017:
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Friday, April 7th, 2017 at 12.00 o’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2016. - Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit. - Approve the accounts stated on 31.12.2016 and allocate the results of the financial year. - Give full and final discharge to the President and to the Directors. - Elect the Board of Directors. - Fix the remunerations of the President and of the Directors. - Fix the remunerations of the Group Secretary and the General Managers. - Fix the remunerations of the President of Blom Bank Group. - Grant the Board of Directors authorities according to the laws in force and especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code. - Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code. - Any matters which could arise. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2016; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1500 LL (less the tax) as dividend for each listed ordinary share and to pay an amount of 0,70 USD (less the tax) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: Ordinary Shares (Record Date April 12, 2017. Payment Date: April 13, 2017) Preferred Shares (Record Date April 12, 2017. Payment Date April 12, 2017).
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Bank Audi S.A.L- Tuesday March 14, 2017:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements (in Arabic) as at and for the period ended December 31, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt .
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Rasamny Younis Motor Company S.A.L. – Monday March 13, 2017:
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The Ordinary General Assembly of shareholders held a meeting on Monday, February 20, 2017 at 09:30 a.m. at the Company’s Headquarters and decided to guarantee Associated Automotive Agency SAL for the drafts and/or loans given to the latter by Al Mawarid Bank SAL. The Assembly also decided to accept the resignation of Mohamad Abed El Mohsen El Khara Sons Co. from the Board of Directors and grant him full discharge. (Minutes of the Ordinary General Assembly Meeting in Arabic)
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Ciments Blancs S.A.L – Thursday March 9, 2017:
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The shareholders of Societe Libanaise des Ciments Blancs SAL held an Extraordinary General Meeting at 11:00 AM on Monday, February 27, 2017 at the offices of Holcim (Liban) S.A.L. in Dbayeh, and decided to: - Exchange the shares of the company from bearer type to nominative type and amend the Company’s by-laws accordingly. - Appoint Midclear to execute the exchange operation and to hold the shareholders’ register of the company. – Grant the Board of Directors the necessary powers to perform all acts and procedures in pursuit of the foregoing resolutions. (Minutes of the Extraordinary General Assembly).
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De-listing of a maturing Eurobond issue – Wednesday March 8, 2017:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday March 15, 2017 the Lebanese Republic Eurobonds Issue labeled Series #52 (Tranch 1 and 2) worth USD /1,500,000,000/ carrying an Interest rate of 9.00% and maturing on March 20, 2017.
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Rasamny Younis Motor Company S.A.L. – Monday February 27, 2017:
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Rasamny Younis Motor Co. announces that Mohamad Abed El Mohsen El Kharafi & Sons Co. has resigned from the Board of Directors of the Company, effective February 21, 2017.
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Bank Audi S.A.L- Monday February 27, 2017:
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended December 31, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-odeabank-as
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Holcim Liban S.A.L.- Monday February 20, 2017:
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The shareholders of Holcim (Liban) S.A.L. held an Extraordinary General Meeting at 16:00 on Monday, February 13, 2017 at Le Royal Hotel – Dbayeh, and decided to: - Exchange the shares of the company from bearer type to nominative type and amend the Company’s by-laws accordingly. - Appoint Midclear to execute the exchange operation and to hold the shareholders’ register of the company. – Grant the Board of Directors the necessary powers to perform all acts and procedures in pursuit of the foregoing resolutions. - Elect Mr. Grant Ernshaw to the Board of Directors.(Minutes of the Extraordinary General Assembly).
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BLC Bank S.A.L.- Monday February 13, 2017:
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The holders of Series D Preferred Shares of BLC Bank S.A.L. attended an Extraordinary General Meeting on February 02, 2017 and decided to adopt the By-Laws of the holders of Series D Preferred Shares. In addition, the Assembly decided to nominate Mr. Hafez Abi Chaker as a representative of the holders of Series D Preferred Shares. (By-laws of the Body of holders of Series D Preferred Shares)
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BLC Bank S.A.L.- Friday February 10, 2017:
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The Exceptional Ordinary General Assembly of shareholders of BLC Bank S.A.L. convened on 27 January 2017 and decided to approve the merger of BLC Invest SAL into BLC Bank SAL through the purchase by BLC Bank SAL of all the assets, liabilities, rights and obligation of BLC Invest SAL. The General Assembly also decided to grant each of the chairman and the vice chairman, severally, the necessary powers to carry out all needed actions to implement the merge.
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BSE Days Off- Thursday February 09 & Tuesday February 14, 2017:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2017. Likewise, on the occasion of the Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Tuesday, February 14, 2017.
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Rasamny Younis Motor Company S.A.L. – Thursday February 02, 2017:
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On January 31, 2017 a shareholder represented in the Board of Directors of Rasamny Younis Motor Co. SAL, (Mohamad Abed El Mohsen El Kharafi & Sons Co.) sold, through a block trade, /3,133,066/ shares of Rasamny Younis Motor Co. Category B at a price of USD 3.07 per share for a total amount of USD 9,618,512.62. The shares were bought by Shift SAL (Holding). The new percentage ownership of the two parties in the share capital of the company becomes as follows: Mohamad Abed El Mohsen El Kharafi & Sons Co.: 0.0001%, Shift SAL (Holding): 38.07% approximately.
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Holcim Liban S.A.L.- Tuesday January 31, 2017
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 16:00 on Monday February 13, 2017 at Le Royal Hotel – Dbayeh, in order to examine the following agenda: - Amend the Company’s by-laws in accordance with Law number 75 published in the official gazette on November 3, 2016. - Take the necessary decisions in order to change all the shares that constitute the Company’s Capital to nominal shares. - Give the Board of Directors the required authorizations to execute the decisions of the General Assembly in accordance with Law number75/2016. - Elect a member to the Board of Directors. - Other Topics.
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BLC Bank S.A.L.- Tuesday January 31, 2017
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BLC Bank S.A.L. publishes its Unaudited Consolidated Financial Statements for the period ended December 31, 2016. Report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BLC FS 2016.pdf
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Bank of Beirut S.A.L- Monday January 30, 2017
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Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the year ended December 31, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB FS 20161231.pdf
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Bemo Bank S.A.L. – Monday January 30, 2017
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Banque BEMO S.A.L. publishes its Unaudited Consolidated Financial Statements for the year ended December 31, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/Bemo FS 20161231.pdf
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Rasamny Younis Motor Company S.A.L. – Friday January 20, 2017:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Meeting to be held at 09:30 a.m. on Monday, February 20, 2017 at the Company’s Headquarters, Chiyah Boulevard, to discuss the following agenda: - Guarantee Associated Automotive Agency SAL against the drafts and/or loans given to the latter by Al Mawarid Bank SAL.- Take note of the resignation of one Board member, grant him discharge and elect an alternate member to the Board. - Other topics.
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Bank Audi S.A.L- Thursday January 19, 2017:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,500,000/ Non-Cumulative, Perpetual, Redeemable, Convertible Series (I) Preferred Shares, issued by Bank Audi SAL in the official market of the stock exchange. Holders of Series (I) Preferred Shares will receive annual distribution of USD 3 for the year 2016 and USD 7 for the following years. Trading is scheduled to start on Wednesday, January 25, 2017. (Circular# 438/2017)
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BLC Bank S.A.L.- Tuesday January 17, 2017:
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The Board of Directors of the BLC Bank S.A.L. invites the Holders of Preferred Shares Class D to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Thursday, February 02, 2017 at the Bank’s head office in Beirut, facing the Palace of Justice to discuss the following agenda: 1- Draft the By-Laws of the Assembly of the Holders of Preferred Shares Class D. 2- Nominate a representative of the assembly 3- Other Topics
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BLC Bank S.A.L.- Tuesday January 17, 2017:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Exceptional Ordinary General Assembly Meeting to be held at 10:00 am on Friday, January 27, 2017 at the Bank’s head office in Beirut, facing the Palace of Justice to discuss the following agenda: -Approve the merge of BLC Invest S.A.L. and BLC Bank S.A.L. by buying all the Assets and Liabilities of BLC Invest S.A.L. – Other Topics.
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Ciments Blancs S.A.L – Monday January 16, 2017
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11:00 am on Monday, February 27, 2017 at the offices of Holcim (Liban) S.A.L. in Dbayeh, in order to examine the following agenda: - Amend the Company’s by-laws in accordance with Law number 75 published in the official gazette on November 3, 2016. - Take the necessary decisions in order to change all the shares that constitute the Company’s Capital to nominal shares. - Give the Board of Directors the required authorizations to execute the decisions of the General Assembly in accordance with Law number 75/2016. - Other Subjects
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Credit Commercial et Foncier S.A.L. ends its activity as a broker in the BSE Friday January 13, 2017
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As per the request of Credit Commercial et Foncier S.A.L., the Beirut Stock Exchange decided to write-off the Company from its list of authorized brokers (Circular 437/2016)
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Armenian Christmas Day –Friday January 06, 2017:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Friday, January 06, 2017.
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Last Trading Day at the Beirut Stock Exchange for 2016- Friday December 30, 2016:
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Friday December 30, 2016 will be the last trading day at the Beirut Stock Exchange for the year 2016, and on the occasion of the New Year there will be no trading at the Beirut Stock Exchange on Monday, January 02, 2017. Trading will be resumed on Tuesday, January 03, 2017.
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Christmas – Sunday & Monday December 25 & 26, 2016:
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On the occasion of Christmas, there will be no trading at the Beirut Stock Exchange on Monday, December 26, 2016
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Holcim Liban S.A.L.- Monday December 12, 2016:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 16:00 on Monday February 13, 2017 at Le Royal Hotel – Dbayeh, in order to examine the following agenda: - Amend the Company’s by-laws in accordance with Law number 75 published in the official gazette on November 3, 2016. - Take the necessary decisions in order to change all the shares that constitute the Company’s Capital to nominal shares. - Give the Board of Directors the required authorizations to execute the decisions of the General Assembly in accordance with Law #75/2016. - Elect a member to the Board of Directors. Other subjects.
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Bank Audi S.A.L- Thursday December 8, 2016:
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Bank Audi SAL declares that the subscription period for Series “I” Preferred Shares starts on December 09, 2016 and ends on December 13, 2016
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Bank Audi S.A.L- Monday December 5, 2016
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Link
to the Information Statement relating to the Extraordinary General
Meeting of Shareholders that will be held on December 21, 2016.
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Bank Audi S.A.L- Monday December 5, 2016:
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Wednesday December 21, 2016 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda:
1. Verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 2,500,000 Series “I” Preferred Shares in accordance with Resolution No. 1 of the Extraordinary General Meeting held on November 29, 2016; and
2. The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Bank Audi S.A.L- Friday November 25, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements (in Arabic) as at and for the period ended September 30, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt .
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Independence Day – Tuesday November 22, 2016:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Tuesday, November 22, 2016.
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BLOM Bank S.A.L. – Wednesday November 16, 2016:
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BLOM BANK announced today that it has signed an agreement to acquire the assets and liabilities of HSBC Bank Middle East Limited – Lebanon subject to regulatory approval from Banque du Liban on the transaction which is expected to be completed during the first half of 2017.
As of June 30th, 2016, HSBC Bank Middle East Limited had 3 branches in Lebanon and approximately USD 953 million in total assets.
This acquisition falls under BLOM BANK’s strategy of expanding its customer base and diversifying its assets and revenues. The transaction will help BLOM BANK expand its corporate and commercial businesses as well as its retail activities. BLOM BANK will ensure employment continuity to all HSBC current employees and is committed to a smooth transition for all clients.
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Bank Audi S.A.L- Friday November 14, 2016
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Link
to the Information Statement relating to the Extraordinary General
Meeting of Shareholders that will be held on November 29, 2016.
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Bank Audi S.A.L- Friday November 11, 2016
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The Board of Directors of Bank Audi s.a.l. invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday November 29, 2016 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The increase of the Bank's capital through the issuance of a number of Preferred Shares (pursuant to Lebanese Law No 308/2001) and the determination of their amount, terms and conditions; 2. The listing of such newly-issued Preferred Shares on the Beirut Stock Exchange; 3. The amendment of the Bank’s By-Laws, including, in particular, articles 6 and 8 thereof, in order to reflect the actions described in items 1 and 2 above; 4. The submission of the actions described in items 1-3 inclusive for approval by the Central Bank of Lebanon acting through its Central Council; and 5. The granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to seek required approvals, to set deadlines and to perform all other acts and procedures in pursuit of all of the foregoing resolutions.
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Bank Audi S.A.L- Wednesday November 09, 2016
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Bank Audi sal announces that its subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2016. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Holcim Liban S.A.L.- Tuesday November 08, 2016
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In reference to the announcement issued by Holcim (Liban) SAL related to the payment of the decrease of capital starting November 17, 2016 for an amount of LBP 5,000 per share, in exchange of coupon number 11, the Beirut Stock Exchange declares the following: (i) The shares of the company will trade with coupon number 11untill the end of the trading session of Friday, November 11, 2016 (inclusive), (ii) the shares of the company will be suspended for the trading session of Monday, November 14, 2016, (iii) Trading will resume on Tuesday, November 15, 2016 without coupon number 11. A special pricing procedure will be implemented by raising the threshold for Holcim’s shares to +/- 25 percent of the last closing price. (Circular 435/2016)
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Bank Audi S.A.L- Monday November 07, 2016:
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The Beirut Stock Exchange decided to list, as of November 10, 2016, an additional /4,936,644/ GDRs linked to the shares of Bank Audi SAL in the official market of the Stock Exchange. These GDRs will be added to the previously listed /114,988,117/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /119,924,761/. The details related to the pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones. . (Circular # 434/2016).
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Bemo Bank S.A.L. – Wednesday October 26, 2016:
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On October 24, 2016 a Banque BEMO SAL shareholder Mr. Maroun Antanos Semaan sold /7,647,311/ common shares of Banque BEMO SAL to his three sons at a price of USD /1.60/ per share totaling USD /12,235,697.6/.
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Bank of Beirut S.A.L- Wednesday October 26, 2016:
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Bank of Beirut S.A.L publishes its Unaudited Consolidated Financial Statements for the period ended September 30, 2016. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BOB%20FS20161009.pdf
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Byblos Bank S.A.L. - Tuesday October 25, 2016:
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The Extraordinary General Assembly of shareholders of Byblos Bank SAL convened on September 30, 2016 and decided to approve the agreement signed, on June 30, 2016, between Byblos Bank SAL and Banque Pharaon and Chiha SAL related to the purchase of all assets, liabilities, rights and obligation of Banque Pharaon and Chiha SAL by Byblos Bank SAL. Likewise, the extraordinary General Assembly of shareholders of Banque Pharaon and Chiha SAL convened on September 30, 2016 and decided to approve the agreement mentioned here above. The assembly also decided to dissolve and liquidate Banque Pharaon and Chiha SAL and to cross off its name from the Banks’ list. On October 19, 2016 Banque Du Liban took the decision number 60/29/16 that gives Byblos Bank SAL the final approval to purchase all assets, liabilities, rights and obligation of Banque Pharaon and Chiha SAL and to cross off the name of Banque Pharaon and Chiha SAL from the Banks’ list.
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HOLCIM Liban S.A.L.- Monday October 24, 2016:
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In implementation of the resolution of the Extraordinary General Assembly of shareholders of Holcim (Liban) SAL of December 14, 2010 related to the reduction of the Company’s Capital from LBP /195,160,400,000/ to LBP /97,580,200,000/, the company declares that the execution of the capital’s decrease will start on November 17, 2016 as follows: - Shares will be stamped with a customized stamp mentioning the new nominal value of the share, as well as the new capital. Stamps will be available at the designated banks, at Midclear and at the company’s offices in Heri and Dbayeh. - The decrease of capital by LBP /5,000/ per share will be paid in exchange of coupon Nb. 11 from the shares issued on 14/05/2007 as follows: > Shareholders having deposited their shares at the Lebanese banks will collect the amount of the reduction from “Midclear”. > Remaining shareholders can collect the amount of the reduction in exchange of coupon Nb. 11 from the shares issued on 14/05/2007 through the following banks: 1) Banque Libano Francaise (Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli) and 2) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from November 17, 2016 till February 28, 2017. By the end of the mentioned period reduction amounts will be paid at the company’s offices in Hery and Dbayeh.
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De-listing of a maturing Eurobond Issue – Monday October 24, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday October 28, 2016 the Lebanese Republic Eurobonds Issue labeled Series number 59, worth USD /500,000,000/, carrying an Interest rate of 4.75% and maturing on November 2, 2016. (Circular # 433/2016).
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Bank of Beirut S.A.L- Wednesday October 19, 2016:
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The holders of Bank of Beirut Preferred shares Class (K) attended an Extraordinary General Assembly meeting on Tuesday October 11, 2016, at the Bank's Head Office, Foch St, Beirut Downtown and decided to adopt the By-Laws of the Assembly of holders of Preferred Shares Class (K). In addition The Extraordinary General Assembly decided to nominate Mr. Roger Dagher and Mr. Antoine Chamcham as representatives of the Assembly. (By-Laws of the Assembly of holders of Preferred Shares Class (K) - Arabic)
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BLC Bank S.A.L.- Monday October 17, 2016:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of an additional /20.000.000/ new common share issued by BLC Bank SAL in the official market of the stock exchange. Likewise, the Beirut Stock Exchange decided to accept the listing, trading and pricing of the /750.000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (D), issued by BLC Bank SAL in the official market of the stock exchange. Holders of Preferred Shares Class (D) will receive annual distribution of 6.75% of the issue price (USD 100 per share), adjusted on a pro rata basis for the year 2016 to reflect the period from the issue date till the end of the year. Trading is scheduled to start on Thursday, October 20, 2016. (Circular # 432/2016).
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Achoura – Wednesday October 12, 2016:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Wednesday, October 12, 2016.
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Bank of Beirut S.A.L- Wednesday October 05, 2016:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /4,000,000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (K) issued by Bank of Beirut SAL in the official market of the stock exchange. Holders of Preferred Shares Class (K) will receive annual distribution of 6.5% of the issue price (USD 25 per share), adjusted on a pro rata basis for the year 2016 to reflect the period from the issue date till the end of the year. Trading is scheduled to start on Monday, October 10, 2016. (Circular 431/2016)
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Byblos Bank S.A.L. - Tuesday October 04, 2016:
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The Extraordinary General Assembly of shareholders of Byblos Bank SAL convened on September 30, 2016 and decided to approve the agreement signed between Byblos Bank SAL and Banque Pharaon and Chiha SAL related to the purchase of all assets, liabilities, rights and obligation of Banque Pharaon and Chiha SAL by Byblos Bank SAL. The decision becomes effective upon the final approval of Banque Du Liban. (Minutes of the meeting – Arabic).
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BLC Bank S.A.L.- Friday September 30, 2016:
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The Beirut Stock Exchange decided to de-list the 400,000 preferred shares class “A” of BLC Bank S.A.L. as the Bank redeemed the shares in full. This is effective immediately. (Circular 430/2016).
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BLC Bank S.A.L.- Tuesday September 27, 2016:
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BLC Bank S.A.L publishes the minutes of the Extraordinary General Assembly of shareholders of September 22, 2016. (Minutes of the meeting in Arabic)
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Bank Audi S.A.L- Monday September 26, 2016:
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The following announcement is made pursuant to Article 45 of Lebanese Law No. 161 dated August 17, 2011: - Deutsche Bank Trust Company Americas in its capacity as Depositary within Bank Audi’s GDR Program, has purchased 4,936,644 Ordinary Shares constituting 1.23% of the Bank’s outstanding Ordinary Shares. The transaction was executed on the Beirut Stock Exchange pursuant to a preliminary approval granted by the Central Bank of Lebanon, acting through its Central Council, on the 2nd of December 2015; - The transaction was executed on September 20, 2016 for value date September 23, 2016. - Deutsche Bank Trust Company Americas will issue GDRs against the purchased Shares for the benefit of the seller, hence no change in the ultimate economic ownership will result from the aforementioned transaction; - After giving effect to the aforementioned transaction, the number of shares held by Deutsche Bank Trust Company Americas and represented by GDRs, becomes 119,924,761 shares representing 30% of Bank Audi’s issued and outstanding Ordinary Shares. - Shares and GDRs held by the seller at the time of the transaction represent less than 5% of the Bank’s issued and outstanding Ordinary Shares.
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Bank of Beirut S.A.L- Thursday September 22, 2016:
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The holders of Bank of Beirut Preferred shares Class (K) are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Tuesday October 11, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Draft the By-Laws of the Assembly of holders of Preferred Shares Class (K). - Nominate the representatives of the Assembly. Other topics.
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BLC Bank S.A.L.- Monday September 19, 2016:
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In reference to the letter issued by BLC Bank SAL and addressed to the Beirut Stock Exchange related to the completion of the procedures undertaken to execute the repurchase and cancellation of the 400,000 preferred shares class A and the substitution of the nominal value of the cancelled shares in the capital of the Bank through the issuance of 400,000 common shares, with a nominal value of LBP 1,000 each, to be distributed for free to common shareholders on record as at September 21, 2016, pro-rata to their contribution in the common shares of the bank, the Beirut Stock Exchange declares that the Ex-date for BLC Common shares is Monday, September 19, 2016.(Circular 429/2016)
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Beirut Stock Exchange –Friday September 16, 2016:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2016 and any other overdue fees before 30/12/2016. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: - At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. - Or by calling the BSE administration at phone No. 01-993555, before 16/12/2016 to send one of its representatives to collect the check, against an official receipt.
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Rasamny Younis Motor Company S.A.L. – Thursday September 15, 2016:
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Rasamny Younis Motor Company S.A.L. publishes the minutes of the Annual Ordinary General Assembly of shareholders of June 23, 2016. (Minutes of the meeting Arabic)
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BLC Bank S.A.L.- Wednesday September 14, 2016:
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The Board of Directors of BLC Bank SAL invites shareholders to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Thursday, September 22, 2016 at the Bank’s Head Office, Adlieh in order to examine the following agenda: - Verify the adequate completion of all actions undertaken to execute the repurchase and cancellation of the Preferred shares Class (A). - Verify the adequate completion of the procedures for the increase in the Bank’s Capital through the issuance of Preferred shares Class (D). - Adopt the amendments of some articles of the By-Laws to reflect the Capital increase. - Other topics
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Eid Al Adha – September 12 & 13, 2016:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on the 12th and 13th of September 2016. Trading will be resumed on the 14th of September 2016.
.
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BLC Bank S.A.L.- Wednesday August 31, 2016:
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Based on the decision of the Board of Directors of BLC Bank S.A.L. related to the cancellation of the Preferred shares Class A, and based on the approval of the Central Bank of Lebanon on the process of redemption and cancellation of the mentioned shares, the Beirut Stock Exchange decided to cease trading in BLC Bank S.A.L. Preferred shares Class “A”. Circular 427/2016
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BLC Bank S.A.L.- Wednesday August 31, 2016:
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BLC Bank S.A.L. informs applicants who signed requests for subscription in Preferred Shares Class D that copies of the prospectus are available in the Headquarters of the Bank and in all its branches. Applicants can get a copy of the prospectus during regular working hours starting August 31, 2016 till September 5, 2016.
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Byblos Bank S.A.L. - Tuesday August 30, 2016:
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The holders of Byblos Bank S.A.L. common shares are invited to attend the Extraordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 12 noon on Friday, 30 September 2016, in order to discuss and decide on the following agenda:1. Approval of the acquisition of the assets, rights, liabilities and obligations of Banque Pharaon & Chiha S.A.L. in accordance with Article 10 of Law 192/93. 2. Miscellaneous.
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Bank Audi S.A.L- Tuesday August 30, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements (in Arabic) as at and for the period ended June 30, 2016. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L- Monday August 29, 2016:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on August 25, 2016 and resolved to approve the adequate completion of all actions and procedures undertaken to increase the Bank’s capital from LBP 109,378,674,000 to LBP 115,218,674,000 through the issuance of 4,000,000 new preferred shares labeled “preferred shares series K” and declare that the capital of Bank of Beirut SAL is now LBP 115,218,674,000 fully paid. (Minutes of the meeting Arabic)
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BLC Bank S.A.L.- Monday August 29, 2016:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL convened on July 11, 2016 and decided to increase the capital of the Bank from LBP 214,000,000,000 to LBP 214,750,000,000 through the issuance of /750,000/ perpetual, non-cumulative preferred Shares to be labeled Preferred Shares Class (D). These shares shall have a par value of LBP 1,000 each and an issue price of USD 100 per share. Holders of Preferred Shares Class (A), Preferred Shares Class (B) & Preferred Shares Class (C) will have priority right to subscribe in the new preferred shares. Holders of Preferred Shares Class (D) will receive non-cumulative annual distribution of 6.75% of the issue price, to be adjusted on a pro rata basis for the year 2016 to reflect the period from the issue date till the end of the year. The Extraordinary General Assembly of shareholders also decided to list all of the /750,000/ Preferred Shares Class (D) in the Beirut Stock Exchange. Finally the Extraordinary General Assembly decided to repurchase and cancel all the 400,000 Preferred shares class (A) and to substitute the nominal value of the cancelled shares in the capital of the Bank through the issuance of 400,000 common shares, with a nominal value of LBP 1,000 per share, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank and by transferring the amount of capital increase from the general reserve account to the capital account. (Minutes of the meeting Arabic)
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BLC Bank S.A.L.- Tuesday August 23, 2016:
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The Board of Directors of BLC Bank S.A.L. convened on August 11, 2016 and resolved to approve the adequate completion of all formalities undertaken to execute: (1) the issuance and distribution of the 60,000,000 new common shares to shareholders and (2) the increase of the Bank’s capital from LBP 154,000,000,000 to LBP 214,000,000,000 through the incorporation of an amount equivalent to the nominal value of the new shares from the legal and free reserve accounts. (Minutes of meeting Arabic)
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BLC Bank S.A.L.- Tuesday August 23, 2016:
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The Extraordinary General Assembly of shareholders of BLC Bank S.A.L. convened on June 03, 2016 and resolved to increase the Capital of the bank from LBP 154,000,000,000 to LBP 214,000,000,000, hence an increase of LBP 60,000,000,000. This increase will be accomplished through the issuance of 60,000,000 new common shares, with a nominal value of LBP 1,000 per share, to be distributed for free to common shareholders pro-rata to their contribution in the common shares of the bank and by transferring the amount of capital increase from the legal and free reserve accounts to the capital account. (Minutes of the meeting Arabic)
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Ciments Blancs S.A.L – Friday August 19, 2016:
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Societe Libanaise des Ciments Blancs SAL publishes the minutes of the Ordinary General Assembly of shareholders of June 22, 2016. (Minutes of the meeting Arabic)
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BLOM Bank S.A.L. – Thursday August 18, 2016:
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On 12 August, 2016 a BLOM Bank shareholder, represented in the Board of Directors (Shaker Holdings SAL), sold 5,025,000 common shares of BLOM Bank at a price of USD 9.90 per share totaling USD 49,747,500.00. The shares were bought by BLOM Bank for its stock following approval by Banque du Liban.
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Bank Audi S.A.L- Wednesday August 17, 2016
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Bank Audi sal publishes Excerpt of the minutes of the Ordinary General Assembly of shareholders of April 8, 2016. (Arabic)
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Bank Audi S.A.L- Friday August 12, 2016:
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Odea Bank successfully completed the capital increase of TL 1.0 billion, after obtaining necessary corporate and regulatory approvals, including that of the Banking Regulation and Supervision Agency (BRSA). (More)
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Byblos Bank S.A.L. - Friday August 12, 2016:
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Byblos Bank SAL publishes the minutes of the Ordinary General Assembly of shareholders of April 26, 2016. (Minutes of the meeting)
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Assumption of the Virgin Mary - Monday August 15, 2016:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Monday, August 15, 2016.
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Bank of Beirut S.A.L- Thursday August 11, 2016:
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Bank of Beirut SAL publishes the minutes of the Ordinary General Assembly of shareholders of May 5, 2016. (Minutes of the meeting Arabic)
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Bank of Beirut S.A.L- Wednesday August 10, 2016:
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Subscription in series (K) preferred shares: Subscription period: From Monday August 08, 2016 at 8:30 am till Saturday August 13, 2016 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Conditions and rules of Subscription: Number of series (K) preferred shares: /4,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,460/ as nominal value and the balance as issue premium. Subscription should be executed in total units with a minimum of one unit per subscriber. Every unit is constituted of /100/ series (K) preferred shares, with an issue price per unit of USD /2,500/. Subscription price should be paid in cash on the subscription day. Priority right in subscription: Holders of preferred shares series “G”,”H”,”I” and “J” have priority right to subscribe in the preferred shares series “K”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank. Holders of commons shares and holders of priority shares series 2014 do not possess any priority right to subscribe in the series K preferred shares; however, while retaining the priority right for subscription given to the holders of series “G”, “H”, “I” and “J” as stated above, holders of common shares, priority shares series 2014 and the public including holders of preferred shares series “G”,”H”,”I” and “J” are entitled to subscribe in the remaining series K preferred shares. Record date to fix priority right: Saturday August 13, 2016. Terms of series K preferred shares: Please refer to the Marketing Brochures related to these shares that are available at all branches of Bank of Beirut SAL.
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Solidere SAL- Monday August 08, 2016:
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Solidere SAL publishes the minutes of the Ordinary General Assembly of shareholders of June 27, 2016. (Minutes of the meeting Arabic).
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Bank of Beirut S.A.L- Friday August 05, 2016:
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The shareholders of Bank of Beirut SAL are invited to attend an Extraordinary General Assembly Meeting to be held at 3:00 p.m. on Thursday, August 25, 2016 at the Bank’s Head Office, Foch St. Beirut Downtown to examine the following agenda: - Verify the adequate subscription for and full payment of series K preferred shares. – Confirm the adequate completion of the procedures for the increase in the Bank’s capital from LBP /109,378,674,000/ to LBP /115,218,674,000/. Declare that the capital of Bank of Beirut SAL is LBP /115,218,674,000/. - Other topics.
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Banque Bemo S.A.L. – Tuesday August 02, 2016
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on June 7, 2016 and decided to: - Approve the Board of director’s report and the auditors’ report for the fiscal year 2015 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2015. - Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2015 amounting LBP /3,693,375/; (USD 2,450,000) and distribute to the holders of Common shares an amount of LBP /3,683,102/ (LBP /60/ per share). - Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2015. - Give the authorizations stipulated in Articles 152 of the Law of cash and credit and the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. – Elect Dr. Riad Bechara Obegi, Mr. Samih Halim Saadeh, Sheikh Hassan Issam Kabbani, Mr. Antoine Youssef Mansour Wakim, Mr. Peter Ara Hrechdakian, Mr. Derek Abdel Kader Al Zein, Ms. Karine S. Mansour Obegi and Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l. to the Board of Directors for a three year period ending when the Ordinary General assembly will be held during the year 2019 to approve the accounts of the year 2018. - Fix the attendance fees of the members of the Board of Directors for the year 2016 and the fees of the Auditors: Deloitte and Touche and Fiduciaire du Moyen Orient (FMO) for the year 2016. Minutes of the meeting (Arabic)
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HOLCIM LIban S.A.L.- Tuesday July 26, 2016:
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The Extraordinary General Assembly of shareholders of Holcim (Liban) SAL held on December 14, 2010 decided to reduce the capital of the company from LBP 195,160,400,000 to LBP 97,580,200,000; noting that the company is registered under number 140 in the commercial register of Beirut and its fiscal number is 12253. Any stakeholder can file his/her objection or remarks within a period of three months from the date of the announcement. (Official Gazette – Number 35 – July 07, 2016). Minutes of the meeting (Arabic)
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BLOM Bank S.A.L. – Monday July 25, 2016:
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BLOM Bank S.A.L. announces that it has been in discussions with HSBC regarding an acquisition of HSBC’s operations in Lebanon. At this stage there can be no certainty that a binding agreement in relation to the Transaction will become effective. A further announcement will be made when appropriate.
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HOLCIM LIban S.A.L.- Monday July 18, 2016:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on June 7, 2016 and decided to: - Approve the Board of director’s report and the auditors’ report for the fiscal year 2015 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2015. - Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2015 amounting LBP /3,693,375/; (USD 2,450,000) and distribute to the holders of Common shares an amount of LBP /3,683,102/ (LBP /60/ per share). - Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2015. - Give the authorizations stipulated in Articles 152 of the Law of cash and credit and the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. – Elect Dr. Riad Bechara Obegi, Mr. Samih Halim Saadeh, Sheikh Hassan Issam Kabbani, Mr. Antoine Youssef Mansour Wakim, Mr. Peter Ara Hrechdakian, Mr. Derek Abdel Kader Al Zein, Ms. Karine S. Mansour Obegi and Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l. to the Board of Directors for a three year period ending when the Ordinary General assembly will be held during the year 2019 to approve the accounts of the year 2018. - Fix the attendance fees of the members of the Board of Directors for the year 2016 and the fees of the Auditors: Deloitte and Touche and Fiduciaire du Moyen Orient (FMO) for the year 2016. Minutes of the meeting (Arabic)
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Bank of Beirut S.A.L- Monday July 11, 2016:
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The Beirut Stock Exchange decided to list, as of July 13, 2016, additional /923,950/ common shares out of the /2,717,500/ common shares issued, through a private placement, by Bank Of Beirut SAL. These shares will be added to the previously listed shares; therefore the total number of listed common shares of Bank of Beirut SAL becomes /17,746,417/ common listed shares. Note that the Bank’s share capital is composed as follows: /53,184,900/ Common shares (17,746,417 shares are listed and 35,438,483 are not listed), 4,762,000 Priority shares (100% listed), 3,570,000 Preferred shares class G (not listed), 5,400,000 Preferred shares class H (100% listed), 5,000,000 Preferred shares class I (100% listed) and 3,000,000 Preferred shares class J (100% listed).
Circular 424/2016
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HOLCIM LIban S.A.L.- Monday July 11, 2016:
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In reference to the announcement issued by Holcim (Liban) SAL related to the distribution of the 2015 dividends in exchange of coupon Nb. 10 from the shares issued on 14/05/2007, the Beirut Stock Exchange declares that the Shares of the company will be traded with coupon Nb. 10 till the end of the trading session of Monday July 11, 2016 (included). Starting the trading session of Tuesday July 12, 2016, shares will be traded without coupon Nb.10.
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Ciments Blancs S.A.L – Monday July 11, 2016.
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In reference to the announcement issued by Societe Libanaise des Ciments Blancs SAL related to the distribution of the 2015 dividends, the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: Shares will be traded with coupon Nb. 11 till the end of the trading session of Monday July 11, 2016 (included). Starting the trading session of Tuesday July 12, 2016, shares will be traded without coupon Nb.11. II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Monday July 11, 2016. Starting the trading session of July 12, 2016, (Ex-dividends date) shares will be traded without the above stated dividends.
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Eid Al Fitr – July 6 & 7, 2016
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Wednesday, July 06, 2016 and Thursday, July 07, 2016.
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Ciments Blancs S.A.L.- Tuesday July 5, 2016:
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In implementation of the resolution of the Ordinary General Assembly held on June 22, 2016 related to the distribution of the 2015 dividends in exchange of coupon Nb.11 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /433/ per share (net of distribution tax), will be paid starting July 15, 2016 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb.11 from the shares issued on 05/01/1998 through Banque Libano Francaise: 1 - Geitawi Branch –Beirut, 2 - Jbeil Branch –Jbeil, 3 - Al Tall Branch – Tripoli. Record date for Nominal Shares is July 14, 2016.
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HOLCIM LIban S.A.L.- Tuesday July 5, 2016:
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In implementation of the resolution of the Ordinary General Assembly held on June 15, 2016 related to the distribution of the 2015 dividends in exchange of coupon Nb. 10 from the shares issued on 14/05/2007, Holcim (Liban) SAL announces that the dividends set at LBP /1219/ per share (net of distribution tax), will be paid starting July 15, 2016 as follows: -Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb. 10 from the shares issued on 14/05/2007 through the following banks: 1) Banque Libano Francaise (Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli) & 2) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 15, 2016 till December 20, 2016. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery.
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BLC Bank S.A.L.- Friday 1 July, 2016:
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The Board of Directors of BLC Bank SAL invites shareholders to attend an Extraordinary General Assembly to be held at 11:30 a.m. on Monday, July 11, 2016 at the Bank’s Head Office, Adlieh in order to examine the following agenda: - Increase the Bank’s capital through the issuance of Preferred shares to be labeled series “D” and fix the value, conditions, provisions and details of this increase. – List the Preferred shares series “D” in the regulated financial markets. – Redeem and cancel the preferred shares series “A”. – Amend the Bank’s By-Laws in order to reflect the foregoing. – Grant the Chairman and/or the Board the necessary powers to perform the foregoing. – Other subject.
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Bank Audi S.A.L- Tuesday June 28, 2016:
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Odea Bank, Turkey’s leading challenger bank, is being boosted by support from international financial institutions in a move that will take it to the next stage of growth. IFC, a member of the World Bank Group, the IFC Financial Institutions Growth Fund (FIG Fund), a private equity fund managed by IFC Asset Management Company (AMC), and EBRD will become shareholders of Odea Bank, a subsidiary of Lebanon’s Bank Audi Group through a subscription to a TL 1.0 billion capital increase of the lender. more…
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Solidere SAL – Tuesday June 28, 2016
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The Ordinary General Assembly of shareholders held a meeting on Monday, June 27, 2016 in Downtown Beirut and decided to approve the financial statements for the year ended December 31, 2015. The chairman of the Board of Directors, Dr. Nasser Chamaa said that despite the negative results of the past year, the year 2016 began to witness positive and encouraging signs as the sale of land in Beirut is in a remarkable improvement, the value of sales reached $ 158 million to date and is expected to exceed $ 211 million dollars by the end of the year. The chairman of the Board clarified that the positive financial result of Solidere International, through most of the projects expected to be accomplished during the year 2016 in the Kingdom of Saudi Arabia and the United Arab Emirates, was an important catalyst for the company. Dr. Chamaa has confirmed that the liquidity of the company will reach, during the next three years, the range of $ 750 million that is expected to be distributed mostly to shareholders, noting that Solidere owns about 39% of the capital of Solidere International. Based on these financial indicators the Ordinary General Assembly decided to distribute total dividends of approximately USD 35 million from the retained profit through the distribution of USD 0.1 per share in addition to one free share for every 80 shares held. Dividends will be paid starting October 03, 2016 for the holders of shares as at July 18, 2016 (Record date); therefore the Ex-dividend date will be on July 14, 2016. Then managers introduced shareholders to the most prominent projects in progress, emphasized the soundness of the company's financial position and the correctness of investment outside Lebanon, as Solidere International is experiencing a great development through its diverse portfolio of projects.
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Rasamny Younis Motor Company S.A.L. – Friday June 24,2016:
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The Ordinary General Assembly of Rasamny Younis Motor Company S.A.L. held on 23/06/2016 declared a gross dividend distribution of LBP /4,504,500,000/; LBP /165/ per share before distribution tax (5%). Dividends will be paid starting October 03, 2016 after deducting the 5% withholding tax, for the holders of Series B Common shares as at September 30, 2016 (record date), according to the records of Midclear. Shares will trade ex-dividend starting September 28, 2016.
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HOLCIM LIban S.A.L.- Thursday June 16, 2016:
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The Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 15, 2016 declared a dividend distribution of LBP /1,219/ per share (net of distribution tax) in exchange of coupon Nb.10 from the shares issued on 14/05/2007. Payment date will be announced at a future date.
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BLC Bank S.A.L.- Wednesday June 15, 2016:
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The Annual Ordinary General Assembly of shareholders of BLC Bank S.A.L. convened on June 03, 2016 resolved to approve the bank’s accounts for the year 2015 and declared a total distribution of LBP 15,395,343,750 as dividends to the holders of preferred shares as follows: I - Dividends before distribution tax ( 5%): Preferred Shares Class A: USD 7 per share. Preferred Shares Class B: USD 7 per share. Preferred Shares Class C: USD 6.75 per share. II - Dividends net of distribution tax ( 5%): Preferred Shares Class A: USD 6.65 per share. Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.4125 per share. III - Important dates: 09 June 2016: Dividend record date. 07 June 2016: Ex-dividend date. 10 June 2016: Dividend payment date. The Assembly after having read the special report of the Board and the special reports of the auditors approved all transactions mentioned in these reports. In addition, the Ordinary General Assembly elected Mr. Maurice Sehnaoui, Mr. Nadim Kassar, Mr. Adnan Kassar, Mr. Adel Kassar, Mr. Nabil Kassar, Me. Walid Daouk, Mr. Nazem El Khoury, Mr. Mansour Bteish, Me. Walid Ziade, Mr. Henry De Courtivron, Me. Ziyad Baroud, Mrs. Youmna Ziade to the Board of Directors for a three year mandate ending upon holding the Annual General Assembly that will examine the accounts of the year 2018. Finally, the General Assembly decided to appoint Deloitte & Touche and FMO Fiduciaire du Moyen as auditors for the years 2016, 2017 and 2018.
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Banque BEMO S.A.L. – Wednesday June 08, 2016:
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In Reference to the announcement issued by Banque BEMO SAL related to the distribution of dividends for the holders of shares on record as at June 14, 2016, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is June 10, 2016.
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Banque BEMO S.A.L. – Wednesday June 08, 2016:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on June 07, 2016 and approved the distribution of dividends for the year 2015 amounting to LBP 7,376 million as follows: To Holders of Common Shares - LBP 60 per share (LBP 57 net of 5% distribution tax). To Holders of Preferred Shares Class 2013 - USD 7 per share (USD 6.65 net of 5% distribution tax). Dividends will be paid starting June 21, 2016 after deducting the 5% distribution tax, for the holders of Common and Preferred shares as at June 14, 2016 (Record Date), according to the records of Midclear S.A.L.
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Solidere SAL- Tuesday June 07, 2016:
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As the Ordinary General Assembly was invited to meet for the first time on June 06, 2016 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on June 27, 2016 at Biel Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2015. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2015. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2015. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2015. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday July 18, 2016 at Biel Downtown.
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BLC Bank S.A.L.- Monday June 06, 2016:
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The Annual Ordinary General Assembly of BLC Bank S.A.L. convened on June 03, 2016 resolved to approve the bank’s accounts for the year 2015 and declared distribution of dividends as follows: I - Dividends before distribution tax ( 5%): Preferred Shares Class A: USD 7 per share. Preferred Shares Class B: USD 7 per share. Preferred Shares Class C: USD 6.75 per share. II - Dividends net of distribution tax ( 5%): Preferred Shares Class A: USD 6.65 per share. Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.4125 per share. III - Important dates: 09 June 2016: Dividend record date. 07 June 2016: Ex-dividend date. 10 June 2016: Dividend payment date.
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Bank Audi S.A.L- Friday May 27, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi SAE (Egypt), has published its financial statements as at and for the period ended March 31, 2016.
A summary in English of the financial statements can be viewed at Bank Audi’s website:
http://www.bankaudigroup.com/group/financials-of-bank-audi-sae-egypt
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L- Friday May 27, 2016:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on May 26, 2016 and decided to increase the capital of the Bank from LBP 109,378,674,000 to LBP 115,218,674,000 through the issuance of /4,000,000/ new preferred Shares to be labeled Preferred Shares Class (K). These shares shall have a par value of LBP 1,460 each and an issue price of USD 25 per share. Holders of Preferred Shares Class (G), Preferred Shares Class (H), Preferred Shares Class (I) & Preferred Shares Class (J) will have the right to subscribe, on a priority basis, to the issue of Class (K) preferred shares, pro rata to their holdings of the total share capital of the bank. Subscription shall be done with full units constituted of 100 preferred shares class (K) each, with a minimum subscription of one unit per subscriber. Holders of Preferred Shares Class (K) will receive non-cumulative annual distribution of 6.5% of the issuance price. The Extraordinary General Assembly of shareholders also decided to list all of the /4,000,000/ Preferred Shares Class (K) in the Beirut Stock Exchange.
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Resistance and Liberation Day -Wednesday, May 25, 2016.
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On the occasion of Resistance and Liberation Day there will be no trading at the Beirut Stock Exchange on Wednesday, May 25, 2016.
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BLC Bank S.A.L.- Friday May 13, 2016:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 12:00 noon on Friday, June 03, 2016 at the Bank’s head office to discuss the following agenda: - Increase the Bank’s capital by an amount of LBP 60 billion through incorporation of reserve. - Amend the By-laws accordingly. - Other topics.
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Rasamny Younis Motor Company S.A.L. – Wednesday May 18, 2016:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. took the decision to call the shareholders of the Company to hold the Annual General Assembly Meeting on Thursday, June 23, 2016 at 10:00 a.m. at the Company’s Headquarters Chiyah Boulevard, to discuss the following agenda: - Examine the Board of Director’s General and Special reports for the year 2015. - Examine the Auditors’ General and Special reports for the year 2015. - Approve the accounts of the year 2015 and allocate the results. - Give full discharge to the Chairman and to the Directors for the year 2015. - Elect new Board. - Give prior authorization to the Board members according to articles 158 and 159 of the Code of Commerce. - Give the Board of Directors the authorization to take credits from banks. - Fix the remunerations of the Chairman and Directors for the year 2016. - Appoint the External Auditor for the year 2016 and fix his remuneration. - Any matters which could arise
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Solidere SAL- Monday May 16, 2016:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Monday June 06, 2016 at Biel Downtown to discuss the following agenda: - Examine the Board of Director’s Report for 2015. - Examine the Auditors’ Reports related to the Financial Statements and the Consolidated Financial Statements for 2015. - Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2015. - Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors proper authorizations stipulated in articles 158 and 159 of the Code of Commerce. - Give full discharge to the Chairman and to the Directors for 2015. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday June 27, 2016 at Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, July 18, 2016 at Biel Downtown.
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BLC Bank S.A.L.- Friday May 13, 2016:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday June 03, 2016, at the Bank’s Head Office to discuss the following agenda: - Examine the General and Special Reports of the Board of Directors for the fiscal year 2015. - Examine the Reports of the Auditors for the fiscal year 2015. - Give proper approval as per Articles 158 &159 of the Code of Commerce and as per article 152 of the Code of Money and Credit. - Approve the accounts for the fiscal year 2015. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Elect new Board members. - Appoint the auditors. - Other topics.
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S. L. des Ciments Blancs S.A.L.- Thursday May 12, 2016:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Annual Ordinary General Assembly Meeting at 10 am on Wednesday, June 22, 2016 at the offices of Holcim (Liban) S.A.L. in Dbayeh, (highway, Mitsulift bldg, 2nd floor) to discuss the following agenda: - Approve the financial statements for the year 2015 and grant discharge to the Board of Directors. - Examine and approve the Board of Director’s report for the year 2015. - Examine and approve the Auditors’ report for the year 2015. - Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. - Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Designate the External Auditors for the year 2016 and fix their remunerations. - Distribute dividends. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least seven days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares and the owners of bearer shares, whose shares are deposited in the Company against Certificate of deposit, must register their names in the Company’s record within the same period.
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HOLCIM LIban S.A.L.- Thursday May 12, 2016:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday, June 15, 2016 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the Balance Sheet and Income Statements for the year ended December 31, 2015 and give the Board of Directors complete clearance for the business of the year 2015. - Approve the report of the Board of Directors for the year ended December 31, 2015. - Approve the report of the Auditors for the year ended December 31, 2015. - Approve the report of the Board of directors drafted according to Article 158 of the Code of Commerce. - Approve the Auditors’ report drafted according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2016 and determine their fees. Distribute Dividends. - Give the authorization to the Directors in accordance with the provisions of article 29 of the company’s by-laws. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least five days before the meeting, their shares or receipts of evidence that they deposited their shares in authorized banks. The owners of nominal shares and the owners of bearer shares, whose shares are deposited in the Company against Certificate of deposit, must register their names in the Company’s record within the same period.
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Byblos Bank S.A.L. - Wednesday May 11, 2016:
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Byblos Bank announced that it has completed the acquisition of 99.18% of the shares of Banque Pharaon & Chiha. The shares were mainly acquired following the assignment by Messrs. Raymond Samir Zina Rahmeh and Teddy Samir Zina Rahmeh (collectively known as ZR Group) to Byblos Bank of their shares and rights under share purchase agreements entered into with the former shareholders of Banque Pharaon & Chiha. The consideration is based on a valuation of 100% of the issued share capital of Banque Pharaon & Chiha at USD 91 million. ZR Group has received the preliminary authorization from Banque du Liban to acquire directly or through a holding company especially registered for this purpose, up to 5.6% of the common shares of Byblos Bank calculated on the basis of a share price equal to 125% of Byblos Bank’s audited book value as at 31 December 2015....... For full report
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Bank Audi SAL- Wednesday May 11, 2016:
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There have been some press reports regarding the potential relocation of the Group’s headquarters outside Lebanon. Bank Audi wishes to clarify the following: - No decision has been made by Bank Audi regarding such matter. - If and when a decision is made, in keeping with its disclosure policy and applicable legal requirements, Bank Audi will make an announcement. Until that time, any discussion is pure speculation. - Bank Audi regularly considers strategic options to enhance shareholders’ value and benefit its other constituencies, especially its clients. - As the largest banking group in Lebanon, Bank Audi is keen to continuously strengthen its leadership in Lebanon which is at the core of its franchise and success. Lebanon is the main development pillar of the Group under the sound regulation and efficient supervision of the Central Bank of Lebanon.
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Bank of Beirut S.A.L- Monday May 9, 2016:
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The shareholders of Bank Of Beirut SAL are invited to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Thursday, May 26, 2016 at the Bank’s Head Office, Foch St. Beirut Downtown to examine the following agenda: - Increase the Bank’s capital through the issuance of new non-cumulative, perpetual, redeemable preferred shares to be labeled series K, and define the remaining terms of these shares. – Amend some articles of the Bank’s By-Laws according to the capital increase. – Other topics.
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Bank of Beirut S.A.L- Monday May 9, 2016:
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The shareholders of Bank Of Beirut SAL are invited to attend an Extraordinary General Assembly Meeting to be held at 10:00 a.m. on Thursday, May 26, 2016 at the Bank’s Head Office, Foch St. Beirut Downtown to examine the following agenda: - Verify the correct completion of the subscription in the new common shares. – Make sure that all the procedures executed to increase the Bank’s capital are correct. – Announce that the capital of Bank Of Beirut SAL became LBP109,378,674,000. – Other topics.
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Bank of Beirut S.A.L.- Thursday May 05, 2016:
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In Reference to the announcement issued by Bank of Beirut SAL related to the distribution of dividends for the holders of shares on record as at May 10, 2016, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is May 06, 2016.
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Bank of Beirut S.A.L.- Thursday May 05, 2016:
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The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on 05/05/2016 and resolved to approve the Bank’s accounts for the year 2015 and declared distribution of dividends as follows: 1- Preferred Shares: An amount of USD/35,996,625/distributed as follows: - To Holders of Series “E” Preferred Shares: A total amount of USD/4,800,000/on the basis of USD 2.00 per share before distribution tax at the rate of 5%. - To Holders of Series “G” Preferred Shares: : A total amount of USD/8,434,125/on the basis of USD 2.3625 per share before distribution tax at the rate of 5%. - To Holders of Series “H” Preferred Shares: : A total amount of USD/9,450,000/on the basis of USD 1.75 per share before distribution tax at the rate of 5%. - To Holders of Series “I” Preferred Shares: : A total amount of USD/8,437,500/on the basis of USD 1.6875 per share before distribution tax at the rate of is 5%. - To Holders of Series “J” Preferred Shares: : A total amount of USD/4,875,000/on the basis of USD 1.6250 per share before distribution tax at the rate of 5%. 2- Priority Shares Class 2014: Priority dividends amounting USD /4,000,080/; USD 0.84 per share before distribution tax at the rate of 5%. 3- Common Shares: Dividends amounting to LBP /49,706,460,000/ for holders of Common Shares including holders of Priority shares Class 2014; LBP 900 per share before distribution tax at the rate of 5%. Dividends will be paid through Midclear S.A.L. starting May 11, 2016 until May 20, 2016 for the holders of shares as at 10/05/2016 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date is May 06, 2016. As for Preferred shares Series “E”, the records of Midclear S.A.L. as at December 30, 2015 (the redemption date of these shares) will be adopted.
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Banque BEMO S.A.L. - Thursday May 05, 2016:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual General Assembly Meeting that will be held at 9:00 am on Tuesday, June 7, 2016 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Examine the Board of Director’s general Report for the year 2015. - Examine the Auditors’ Report for the year 2015. - Examine the Board of Director’s Special Report and the Auditors’ Special Report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. - Examine and approve the accounts for the year 2015 and allocate the results of the fiscal year. - Approve the Consolidated Financial Statements till 31/12/2015. - Elect new members to the Board of directors. - Give full discharge to the President and members of the Board of directors for the year 2015. - Fix the remunerations of the President – General Manager for the year 2016. - Fix the remunerations of the Board of directors for the year 2016. - Assign External Auditors and fix their remunerations. - Other subjects. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the bank’s head office 15 days before the Ordinary General Assembly.
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Byblos Bank S.A.L. - Wednesday April 27, 2016:
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In reference to the announcement issued by Byblos Bank S.A.L. related to the decision of the Annual Ordinary General Assembly of shareholders of April 26, 2016 to distribute dividends for the holders of shares on record as at May 4th, 2016 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of Byblos Bank S.A.L. is Thursday, April 28, 2016.
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Byblos Bank S.A.L. - Wednesday April 27, 2016:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 26 April 2016 at the Bank’s Headquarters, approved on the distribution of dividends for the year 2015 as follows: For Common Shareholders: LBP 200 per share (LBP 190 Net of 5% withholding tax). For Preferred Shareholders Class 2008: USD 8 per share (USD 7.6 Net of 5% withholding tax), Class 2009: USD 8 per share (USD 7.6 Net of 5% withholding tax). Such dividends will be paid on or about 5 May 2016 after deducting the 5% withholding tax, to shareholders as at 4 May 2016 (record date), according to the records of Midclear (the Central Depository). For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting withholding tax and other expenses starting 10 May 2016.
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Bank of Beirut S.A.L.- Monday April 18, 2016:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly meeting to be held at 11 a.m., on Thursday May 5, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Approve the reports of the Board of Directors for the fiscal year 2015. - Approve the Auditors’ reports for the fiscal year 2015. - Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2015. - Appropriate the bank’s profits for the year 2015. - Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2015. - Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. - Other subjects.
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BLOM Bank S.A.L. - Friday April 15, 2016:
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In reference to the announcement issued by BLOM Bank SAL related to the decision of the Annual Ordinary General Assembly of shareholders of April 14, 2016 to distribute dividends starting April 20, 2016 for the holders of preferred shares series 2011 and starting April 21, 2016 for the holders of common shares and that for shareholders on record as at April 20, 2016 (Record date for all classes of shares), the Beirut Stock Exchange declares that: (i) the Ex-dividend date of the shares and GDRs of BLOM Bank SAL is Monday, April 18, 2016. (ii) Trading in BLOM Bank preferred shares series 2011will be suspended exceptionally for the trading session of Friday, April 15, 2016.
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BLOM Bank S.A.L. - Friday April 15, 2016:
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The Ordinary General Assembly of Shareholders of BLOM Bank s.a.l. convened on April 14, 2016 at the Bank’s Headquarters and approved the accounts of the Bank for 2015 and the distribution of dividends and returns amounting to LBP 273,539,889 thousand as follows: - To Holders of Preferred Shares series 2011: USD 0.7 per share. - To Holders of Common Listed Shares: LBP 1250 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Preferred Shares series 2011: USD 0.665 per share. - To Holders of Common Listed Shares: LBP 1187,50 per share. - Payment shall take place through Midclear S.A.L., starting the 20th of April, 2016 for the holders of Preferred Shares series 2011 and 21st of April, 2016 for the holders of Common Listed Shares as at April 20, 2016 according to the records of Midclear S.A.L. (Record Date). Regarding BLOM GDR Holders, the profit share are expected to be settled by BANK OF NEW YORK MELLON starting May 2nd, 2016.
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De-listing of a maturing Eurobond Issue – Wednesday April 13, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday April 19, 2016 the Lebanese Republic Eurobonds Issue labeled Series number 69 worth USD /600.000.000/ carrying an Interest rate of 4.50% and maturing on April 22, 2016.
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Bank Audi SAL- Monday April 11, 2016:
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In reference to the announcement issued by Bank Audi SAL dated April 08, 2016 related to the decision of the Annual Ordinary General Assembly of shareholders of April 08, 2016 to distribute dividends for the holders of shares on record as at April 13, 2016 (Record date), the Beirut Stock Exchange declares that the Ex-dividend date of the shares and GDRs of Bank Audi SAL is Monday, April 11, 2016.
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Bank Audi SAL- Friday April 8, 2016:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. convened on April 8, 2016 and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to re-elect the current Directors for a new 3 year mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2018). The Board of Directors is composed as follows: H.E. Mr. Raymond W. Audi; Dr. Marwan M. Ghandour; Dr. Freddie C. Baz; Mr. Samir N. Hanna; Sheikha Suad H. Al Homaizi; Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Imad I. Itani; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar. The newly elected Board convened following the General Assembly and resolved, amongst other things, to: (i) re-elect: - H.E. Mr. Raymond W. Audi as Chairman of the Board – General Manager; - Dr. Marwan M. Ghandour as Vice-Chairman; - Dr. Freddie C. Baz as Vice-Chairman; (ii) confirm the re-appointment of the General Managers including the re-appointment of Mr. Samir N. Hanna (Group CEO – General Manager).
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Bank Audi SAL – Friday April 8, 2016
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The Ordinary General Assembly of Shareholders of Bank Audi SAL convened on April 8, 2016 and resolved, among other things, to (i) approve the Bank’s accounts for the year 2015 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “F” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. - To Holders of Series “G” Preferred Shares a total of USD 9 Million on the basis of USD 6 per share. - To Holders of Series “H” Preferred Shares a total of USD 4.875 Million on the basis of USD 6.5 per share. - To Holders of Common Shares: a total of LBP 241 Billion on the basis of LBP 603 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “F” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share. - To Holders of Series “G” Preferred Shares a total of USD 8.550 Million on the basis of USD 5.7 per share. - To Holders of Series “H” Preferred Shares a total of USD 4.631 Million on the basis of USD 6.175 per share. - To Holders of Common Shares: a total of LBP 229 Billion on the basis of LBP 572.85 per share. Dividends will be paid through Midclear SAL starting April 14, 2016 for the holders of shares as at April 13, 2016 (Record Date), according to the records of Midclear SAL
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Feast of Annunciation – Monday April 4, 2016
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Monday, April 4, 2016.
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Byblos Bank S.A.L. - Thursday March 31, 2016
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 23 March 2016, to propose to the Ordinary General Assembly convened to meet on 26 April 2016 at the Bank’s Headquarters, the distribution of dividends for the year 2015 as follows: For Common Shareholders: • LBP 200 per share (Before withholding tax) For Preferred Shareholders: • Class 2008: USD 8 per share; (Before withholding tax) • Class 2009: USD 8 per share; (Before withholding tax) Subject to the Ordinary General Assembly’s approval, the dividends will be paid on or about 5 May 2016 after deducting the withholding tax, to shareholders as at 4 May 2016 (record date), according to the records of Midclear (the Central Depository). For GDR holders: • LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 10 May 2016.
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Byblos Bank S.A.L. - Thursday March 31, 2016
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 a.m. on Tuesday, 26 April 2016, in order to discuss and decide on the matters listed in the following agenda: - To hear the general and special Board reports for the fiscal year 2015. - To hear the Auditors’ general and special reports for the fiscal year 2015. - To advise on the accounts of the fiscal year 2015 and on the allocation of its results. - To advise on the discharge of the chairman and Board members for their administrative duties during the fiscal year 2015. - To advise on the election of a new Board of Directors. - To advise on the operations performed between the Board members and the Bank during the fiscal year 2015 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2016 all the operations described in the special report of the Board of Directors and the Auditors. - To advise on the determination of the auditors’ remuneration and the directors and Board committee members for the fiscal year 2016. - Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2015, general and special reports of both the Board and the Auditors for the fiscal year 2015, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of holders of the preferred shares will be made available to shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Thursday March 31, 2016
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Tuesday, 26 April 2016, in order to discuss and decide on the matters listed in the following agenda:- To hear the general and special Board reports for the fiscal year 2015. -To hear the Auditors’ general and special reports for the fiscal year 2015. -To approve the accounts of the fiscal year 2015 and on the allocation of its results.- To discharge the chairman and Board members for their administrative duties during the fiscal year 2015. -To approve the operations performed between the Board members and the Bank during the fiscal year 2015 and to authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2016 all the operations described in the special report of the Board of Directors and the Auditors. -To determine the auditors’ remuneration and the Board of Directors and Board committee members’ emoluments for the fiscal year 2016.- Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2015, general and special reports of both the Board and the Auditors for the fiscal year 2015, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Good Friday and Easter Holidays – March 25 & 28 2016:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the 25th & 28th of March, 2016.
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BLOM Bank S.A.L. - Wednesday March 23, 2016:
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The Board of Directors of BLOM Bank took the decision to call the shareholders of the Bank to hold the Annual General Assembly on Thursday, April 14th, 2016 at 11.00 a.m. at the Bank’s Headquarters and fixed the agenda of the meeting as follows:1) Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2015.2) Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit.3) Approve the accounts stated on 31.12.2015 and allocate the results of the financial year.4) Give full and final discharge to the President and to the Directors.5) Fix the remunerations of the President and of the Directors.6) Fix the remunerations of the Group Secretary and the General Managers.7) Fix the remunerations of the President of Blom Bank Group.8) Grant the Board of Directors authorities according to the laws in force ad especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code.9) Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code.10) Any matters which could arise. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2015; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1250 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0,70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: Ordinary Shares (Record Date April 20, 2016. Payment Date: April 21, 2016) Preferred Shares (Record Date April 20, 2016. Payment Date April 20, 2016).
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Bank Audi SAL- Tuesday March 22, 2016:
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The Board of Directors of Bank Audi invites all holders of ordinary shares to attend an Ordinary Gen. Assembly to be held at 10:30 a.m. on April 8, 2016 at the Bank’s Head Office in order to examine the following agenda:-To approve the Bank’s accounts for the year 2015, and to discharge the Chairman and members of the Board of Directors of the Bank in respect of activities performed during the year 2015; -To appropriate the 2015 profits in accordance with the proposal of the Board of Directors; -To declare distributions to the holders of the Bank’s preferred shares and dividends to the holders of Common Shares and determine the related record and payment dates; -To ratify loans granted during 2015 to related parties as per Article 152 of the Code of Money and Credit; -To authorize the granting of loans to related parties during the year 2016, in accordance with Article 152 of the Code of Money and Credit; -To ratify transactions that are subject to the approval of the General Meeting including transactions entered into between the Bank and members of the Board of Directors or affiliated companies during the year 2015 that are subject to Article 158 of the Code of Commerce and to authorize the Bank to enter into similar transactions during 2016; -To elect a new Board of Directors and to determine the remuneration of its members; -To confirm the managerial responsibilities of certain Board members and to determine their fixed and performance-related remuneration in respect of such responsibilities; -To authorize the participation of certain Board members in the boards of other companies and to grant the necessary related authorizations pursuant to Article 159 of the Code of Commerce; and -To appoint the External Auditors for the coming 3 years and to determine their fees for 2016. Shareholders can download the Annual Report from Bank Audi’s Website: www.bankaudigroup.com.
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Bank Audi SAL- Tuesday March 22, 2016:
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Bank Audi sal’s Annual Report for the year ended 31 December 2015 (the “Annual Report”) encompassing, among other things, the Financial Statements and notes, the External Auditors’ report, and the Management Discussion & Analysis is available from the address below: The Group Corporate Secretary Bank Audi sal Audi Plaza – Bab Idriss Beirut 2021 8102 - Lebanon The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link: http://www.bankaudi.com.lb/Library/Assets/BA15AnnualReport.pdf
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Bank Audi SAL- Tuesday March 22, 2016:
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In its meeting held on March 21, 2016, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 14, 2016 to holders of common shares as at April 13, 2016 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLOM Bank S.A.L. - Monday March 21, 2016
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The Board of Directors of BLOM Bank S.A.L took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Thursday, April 14th, 2016 at 11.00 a.m. in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L building and fixed the agenda of the meeting as follows: - Examine the Board of Director’s and the Auditor’s General Reports about the accounts stated on 31.12.2015.- Examine the Board of Director’s and the Auditor’s Special Reports according to article 158 of the Commerce Law and to article 152 of the Code of Money and Credit. - Approve the accounts stated on 31.12.2015 and allocate the results of the financial year. - Give full and final discharge to the President and to the Directors. - Fix the remunerations of the President and of the Directors. - Fix the remunerations of the Group Secretary and the General Managers. - Fix the remunerations of the President of Blom Bank Group. - Grant the Board of Directors authorities according to the laws in force and especially relating to articles 158 and 159 of the Commerce Law and to article 152 of the Money and Credit Code. - Grant the company the permit stated in article 158 of the Commerce Law and in article 152 of the Money and Credit Code. - Any matters which could arise. knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1250 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0.70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: i) Ordinary shares - Record Date, April 20, 2016 Payment Date April 21, 2016. ii) Preferred shares - Record Date, April 20, 2016 Payment Date April 20, 2016.
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BLOM Bank S.A.L. - Monday March 21, 2016
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In its meeting on 18 March 2016, the Board of Directors of BLOM Bank recommended to the General Assembly which will be held on 14/04/2016 to distribute 1,250 L.L. as dividend per share on its common shares and Global Depository Receipts for the year 2015. Note that BLOM Bank’s net profit for 2015 was US$ 404.66 Million.
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Bank Audi SAL- Friday March 18, 2016:
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Bank Audi sal announces that its wholly-owned subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended December 31, 2015. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L.- Monday March 14, 2016:
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The Beirut Stock Exchange decided to de-list the /2,400,000/ Preferred Shares Class “E” of Bank of Beirut SAL from the official market of the stock exchange, and took note of the Bank’s capital increase from LBP/105,185,154,000/ to LBP /105,411,124,000/; thus the distribution of the Bank’s capital becomes as follows: - Common shares (listed) /16,822,467/ - Common shares (unlisted) /33,644,933/ – Priority shares (listed) /4,762,000/ - Preferred shares Class G (unlisted) /3,570,000/ - Preferred shares Class H (listed) /5,400,000/ – Preferred shares Class I (listed) /5,000,000/ - Preferred shares Class J (listed) /3,000,000/. All shares have a nominal value of LBP/1,460/ per share.
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Bank of Beirut S.A.L.- Friday March 4, 2016:
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The shareholders of Bank of Beirut SAL are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Monday, March 21, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to examine the following agenda: - The increase of the Capital of Bank of Beirut S.A.L. by issuing new common shares reserved to some subscribers. - The amendment of some of the bank’s by laws. - Other subjects.
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BLOM Bank S.A.L. - Wednesday March 2, 2016:
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BLOM Invest Bank SAL announced that on March 01, 2016, the bank executed eight trading transactions totaling 20,063.470 shares of the common shares of BLOM Bank SAL at a price of USD 9.6 per share. These transactions were the result of the liquidation of AZA HOLDING Co. which owns common shares of BLOM Bank SAL and the transfer of ownership of these shares to the shareholders of this company.
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St. Maroun's Day- Tuesday February 09, 2016:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2016.
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Bank Audi SAL- Monday February 08, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of February 08, 2016 /1,250,000/ GDRs linked to the shares of Bank Audi SAL. These GDRs will be deducted from the previously listed /116,238,117/ GDRs; therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /114,988,117/ GDRs.
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BLOM Bank S.A.L. - Saturday January 30, 2016:
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BLOM Bank S.A.L. publishes its Consolidated Unaudited Financial Statements for the year ended December 31, 2015. Full report can be accessed by using the following URL:
http://www.bse.com.lb/Portals/0/BS-Q4-2015-ENG.pdf
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BLC Bank SAL – Friday January 22, 2016:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m. on Thursday February 4, 2016, at the Bank’s Head Office to discuss the following agenda: (i) Authorize the granting of a loan of USD 40 million to Merit Corporation SAL. (ii) Other subject.
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Bank of Beirut S.A.L.- Wednesday January 13, 2016:
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The shareholders of Bank of Beirut S.A.L. attended an Ordinary General Assembly meeting held exceptionally at 4 pm., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown and decided to elect Mr. Ramzi Saliba and Mr. Robert Sursock to the Board of Directors for the remaining period of the Board.
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Bank of Beirut S.A.L.- Wednesday January 13, 2016:
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The Extraordinary General Assembly of shareholders of Bank of Beirut held a meeting on January 7, 2016 and resolved to approve the cancellation of all preferred shares class (E), the substitution of the nominal value of the cancelled shares in the capital of the Bank through the incorporation of free reserves, and for the avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assembly resolved to approve the increase of the capital of the Bank to become LBP 105,411,124,000 through the incorporation of free reserve, resulting in a nominal value of each share of LBP 1,460.
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De-listing of a maturing Eurobond Issue – Tuesday January 12, 2016:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday January 14, 2016 the Lebanese Republic Eurobonds Issue labeled Series number 40 worth USD /750.000.000/ carrying an Interest rate of 8.50% and maturing on January 19, 2016.
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Last Trading Day at the Beirut Stock Exchange for 2015- Wednesday December 30, 2015:
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Wednesday December 30, 2015 will be the last trading day at the Beirut Stock Exchange for the year 2015; therefore there will be no trading on Thursday, December 31, 2015. Likewise, there will be no trading on Friday, January 01, 2016. Trading will be resumed on Monday, January 04, 2016.
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Bank of Beirut S.A.L.- Monday December 28, 2015:
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Based on the decision of the Board of Directors of Bank Of Beirut SAL related to the cancellation of the Series “E” Preferred shares on the last working day of the year 2015, and based on the approval of the Central Bank of Lebanon on the process of redemption and cancelation of the mentioned shares; the Beirut Stock Exchange decided to cease trading in Bank of Beirut Preferred Shares Series “E”.
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Christmas Day – Friday December 25, 2015:
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On the occasion of Christmas Day, there will be no trading at the Beirut Stock Exchange on Friday, December 25, 2015.
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Prophet’s Birthday – Wednesday December 23, 2015:
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On the occasion of the Prophet's Birthday, there will be no trading at the Beirut Stock Exchange on Wednesday, December 23, 2015.
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Bank of Beirut S.A.L.- Monday December 21, 2015:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly Meeting to be held exceptionally at 4 pm., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Elect 2 new members to the Board of Directors. - Other subjects.
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Bank of Beirut S.A.L.- Monday December 21, 2015:
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The shareholders of Bank of Beirut are invited to attend an Extraordinary General Assembly Meeting to be held at 3 p.m., on Thursday January 7, 2016, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Cancel the Preferred Shares Class “E”. - Increase the Capital of Bank of Beirut S.A.L. according to the repurchase and cancellation of the Preferred Shares Class (E) and amend some articles of the By-laws accordingly. - Other subjects
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Independence Day – Monday November 23, 2015:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Monday, November 23, 2015.
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Bank Audi SAL- Thursday November 12, 2015:
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Bank Audi sal announces that its wholly-owned subsidiary, Odea Bank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2015. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.bankaudigroup.com/group/financials-of-odeabank-as For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com .
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Bank of Beirut S.A.L.- Thursday October 29, 2015:
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The Board of Directors of Bank of Beirut S.A.L. held a meeting on Saturday, September 26, 2015, at the Bank's Head Office, Foch St, Beirut Downtown and decided to repurchase the /2,400,000/ Preferred Shares Class E on the last working day of the year 2015.
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Hegria New Year – Wednesday October 14, 2015:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Wednesday, October 14, 2015.
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Bank of Beirut S.A.L.- Wednesday October 7, 2015:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares Class E that the Board of Directors decided in its meeting held on 26/09/2015, pursuant to Article B4, 4th paragraph of the 3rd decision taken by the Extraordinary General Assembly of shareholders of 13/11/2008, to redeem the Class E Preferred shares.
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Trading Session of October 01, 2015
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Further to our previous notice, the Beirut Stock Exchange would like to clarify that the cause of halting the trading session of October 01, 2015 was determined to be an electrical issue that affected the trading system of the stock exchange. Trading will be resumed normally on October 02, 2015.
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Trading Session of October 01, 2015
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Due to a technical issue there was no trading at the Beirut Stock Exchange on Thursday, October 01, 2015.
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Eid Al Adha – September 24 & 25, 2015:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on the 24th and 25th of September 2015. Trading will be resumed on Monday, September 28, 2015
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Bank Audi SAL- Wednesday September 23, 2015:
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The Beirut Stock Exchange decided to De-list the /1,500,000/ Preferred Shares Class “E” of Bank Audi SAL from the official market of the stock exchange, and to take note of the Bank’s capital increase from LBP/667,836,186,600/ to LBP/668,194,681,824/; thus the distribution of the Bank’s capital becomes as follows: - Common shares /399,749,204/ with a nominal value of LBP/1656/ per share – Preferred shares Class F /1,500,000/ with a nominal value of LBP/1656/ per share – Preferred shares Class G /1,500,000/ with a nominal value of LBP/1656/ per share – Preferred shares Class H /750,000/ with a nominal value of LBP/1656/ per share.
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Beirut Stock Exchange –Wednesday September 16, 2015:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2015 and any other overdue fees before 30/12/2015. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: • At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. • Or by calling the BSE administration at phone No. 01-993555, before 16/12/2015 to send one of its representatives to collect the check, against an official receipt.
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Bank Audi SAL- Thursday September 10, 2015:
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The Extraordinary General Assembly of shareholders of Bank Audi SAL held a meeting on Tuesday, September 09, 2015 and resolved to: (I) Confirm and approve the adequate completion of all formalities and actions undertaken to execute the cancellation of Series “E” Preferred Shares and the increase of capital . (II) Declare that Bank Audi’s capital is now L.L. 668,194,681,824, fully paid and divided into 403,499,204 nominal shares having a par value of L.L. 1,656 each. (III) Declare, pursuant to the above, that the amendment of articles 6 and 8 of the Bank’s By-laws as per the second resolution of the Extraordinary General Meeting held on June 9, 2015 is now effective. (IV) Grant discharge to the Chairman and members of the Board of Directors in respect of all activities related to the cancellation of the Series “E” Preferred Shares and the capital increase through the increase of the nominal value of each share and grant each of the Chairman of the Board – General Manager, Mr. Raymond Audi, and the member of the Board - General Manager, Mr. Samir Hanna, acting jointly or severally, and/or any other person empowered by any of them, the power to carry out all legal formalities and the publication, registration and execution of all related documents in application of this resolution with the authority to further delegate all or part of the aforementioned powers hereby granted to them..
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Prime Minister's decision - Wednesday September 9, 2015
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In reference to the decision of the Prime Minister to close all state institutions on September 9, 2015 due to the sandstorm, the Beirut Stock Exchange will be closed on that day. Trading will be resumed on Thursday, September 10, 2015.
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MENA Invest SAL- Friday August 28, 2015:
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As per the decision number 12057 of the Central Bank of Lebanon dated August 22, 2015, related to the elimination of MENA Invest SAL form the list of financial institution, the Beirut Stock Exchange decided to de-list MENA Invest SAL from its list of authorized brokers. The above mentioned decision becomes effective upon publication.
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Bank Audi SAL- Friday August 21, 2015:
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The Board of Directors of Bank Audi sal invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday September 8, 2015 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The verification of the adequate implementation of the first resolution adopted by the Extraordinary General Meeting of shareholders held on June 9, 2015 in connection with the cancellation of the Series “E” Preferred Shares and the accompanying increase of the Bank’s share capital in order to round the nominal value of each individual share up to L.L. 1,656; and the discharge of the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Cancellation and Capital Increase.
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Byblos Bank S.A.L. - Thursday August 06, 2015:
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The Secretariat of the Board of Directors of Byblos Bank S.A.L. announced that the Board of Directors, in line with the development and growth of the Bank’s business in Lebanon and abroad, passed during its meeting held on 25 July 2015 two resolutions approving the election of Dr. François Bassil as Chairman of Byblos Group, and the election of Mr. Semaan Bassil as Chairman of the Board and General Manager of Byblos Bank S.A.L.
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De-listing of a maturing Eurobond Issue – Thursday July 28, 2015:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday August 03, 2015 the Lebanese Republic Eurobonds Issue labeled Series #50 worth USD /500.000.000/ carrying an Interest rate of 8.50% and maturing on August 06, 2015.
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Eid Al Fitr – July 17 & 18, 2015
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Friday July 17, 2015. Trading will be resumed on Monday, July 20, 2015.
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Solidere- Tuesday July 14, 2015:
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The Ordinary General Assembly of shareholders held a meeting on Monday, July 13, 2015 in Downtown Beirut and decided to: (i) Approve the financial statements for the year ended December 31, 2014 that revealed net profits of USD 96.9 million. (ii) Discharge the chairman and members of the board from any liability for matters relating to the company’s management for the previous period. (iii) Distribute total dividends of USD //52,875,411// through the distribution of USD 0.1 per Class A or Class B share in addition to one free Class A and/or Class B share for every 50 shares of the same class. Dividends will be paid starting October 12, 2015 for the holders of shares as at July 31, 2015 (Record date); therefore the Ex-dividend date will be on July 29, 2015. Accordingly, the value of distribution will be the equivalent of USD 0.33 for every Class A or Class B share before the distribution tax; USD 0.31 after the 5% distribution tax. On the other hand the General Assembly elected: Nasser Chammaa, Maher Beydoun, Fadi Al Boustany, Maher Daouk, Raja Salameh, Basile Yared, Makram Abboud, Mounir Doueidy, Raphael Sabbagha, Joseph Asseily and Pierre Kamel to the Board of Directors. After that members of the Board held a meeting and reelected Dr. Nasser Chamaa a Chairman - General Manager, Mr. Fadi Nabil Al Boustany and Mr. MaherYoussef Beydoun vice-Chairmans and Mr. Raphael Sabbagha General Secretary.
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Holcim (Liban) S.A.L. – Friday June 26, 2015:
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In implementation of the resolution of the Ordinary General Assembly held on 28/05/2015 related to the distribution of the 2014 dividends in exchange of coupon Nb.9 from the shares issued on 14/05/2007, Holcim (Liban) SAL announces that the dividends set at LBP /2135/ per share (net of distribution tax), will be paid starting July 6th as follows: -Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb.9 from the shares issued on 14/05/2007 through the following banks: 1- Banque Libano Francaise (Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli). 2 - Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 6, 2015 till December 20, 2015. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. Shares will trade without coupon Nb.9 starting the trading session of July 1, 2015 (Ex-Dividend date).
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Société Libanaise des Ciments Blancs sal - Friday June 26, 2015:
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In implementation of the resolution of the Ordinary General Assembly held on 18/06/2015 related to the distribution of the 2014 dividends in exchange of coupon Nb.10 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that dividends set at LBP /505/ per share (net of distribution tax), will be paid starting July 6th as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends in exchange of coupon Nb.10 from the shares issued on 05/01/1998 through Banque Libano Francaise: Geitawi Branch –Beirut, Jbeil Branch –Jbeil, Al Tall Branch – Tripoli, from July 6, 2015 till December 20, 2015. By the end of the mentioned period dividends will be paid at the company’s Head Office in Hery. N.B.: (i) Bearer Shares will trade without coupon Nb.10 starting the trading session of July 1, 2015 (Ex-Dividend date). (ii) Record date for Nominal Shares is July 3, 2015. Starting the trading session of July 1, 2015 (Ex-Dividend date) shares will be traded without the above stated dividends.
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Rasamny Younis Motor Company S.A.L. – Wednesday June 24, 2015:
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The Ordinary General Assembly of Rasamny Younis Motor Company S.A.L. held on 19/06/2015 approved on the distribution of dividends for the year 2014 for the gross amount of LBP /3,767,400,000/; LBP /138/ per share before distribution tax (5%). Such dividends will be paid starting October 02, 2015 after deducting the 5% withholding tax, to holders of Series B Common shares as at September 30, 2015 (record date), according to the records of Midclear. Shares will trade ex-dividend starting September 28, 2015.
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Solidere- Tuesday June 23, 2015:
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As the Ordinary General Assembly was invited to meet for the first time on June 22, 2015 but the quorum wasn’t reached, a second meeting is scheduled to be held at 9:30 am on July 13, 2015 at Biel Downtown.
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Bank Audi SAL- Thursday June 11, 2015:
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On June 9, 2015, the Extraordinary General Assembly of Shareholders of Bank Audi SAL held a meeting at the Bank's Head Office in Beirut, Lebanon and decided to: 1) Cancel all of the Series “E” Preferred Shares and increase of the Bank’s Capital in order to round the nominal value of each individual Share up to LBP 1,656. 2) Amend Articles 6 and 8 of the By Laws to reflect the cancellation of the Series “E” Preferred Shares. 3) Submit the above resolutions for approval by the Central Bank of Lebanon. 4) Grant the Chairman and the Group Chief Executive officer of the necessary powers to perform all acts and procedures in pursuit of the foregoing resolutions.
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De-listing of a maturing Eurobond Issue – Wednesday June 03, 2015:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday June 9, 2015 the Lebanese Republic Eurobonds Issue labeled Series number 64 worth USD /500.000.000/ carrying an Interest rate of 4.10% and maturing on June 12, 2015.
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Holcim (Liban) S.A.L. – Monday June 01, 2015
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The Ordinary General Assembly of
shareholders of Holcim (Liban) SAL held on May 28, 2015 declared
a dividend distribution of LBP /2,135/ per share (net of distribution tax) in exchange of coupon Nb.9 from the shares
issued on 14/05/2007. Payment date will be announced at a future date.
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Banque BEMO S.A.L. – Monday June 01, 2015:
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The Ordinary General Assembly of Shareholders of Banque BEMO S.A.L. convened on April 29, 2015 and approved the distribution of dividends for 2014 amounting to LBP 6,793 million as follows: To Holders of Common Shares: LBP 50 per share (LBP 47.5 net of the distribution tax of 5%). To Holders of Preferred Shares Class 2013: USD 7 per share (USD 6.65 net of the distribution tax of 5%). Dividends will be paid starting June 9, 2015 after deducting the 5% distribution tax, for the Holders of Common and Preferred shares as at June 4, 2015 (Record Date), according to the records of Midclear S.A.L. The Ex-dividend date of the mentioned shares is June 2, 2015.
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Solidere- Thursday May 28, 2015:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Monday, June 22, 2015 at Biel Downtown to discuss the following agenda: 1) Examine the Board of Director’s Report for 2014. 2) Examine the Auditors’ Reports on the Financial Statements and the Consolidated Financial Statements for 2014. 3) Discuss the accounts, the Financial Statements and the Consolidated Financial Statements for 2014 and allocate the results. 4) Examine Board of Director’s Special Report and the Auditors’ Special Report and grant the Board of Directors authorization stipulated in articles 158 and 159 of the Code of Commerce. 5) Give full discharge to the Chairman and to the Directors for 2014. 6) Elect new Board of Directors and fix their remunerations. 7) Designate the Auditors and fix their remuneration. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 13, 2015 at Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Monday, August 3, 2015 at Biel Downtown.
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Bank Audi SAL- Friday May 22, 2015:
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The Board of Directors of Bank Audi sal invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday June 9, 2015 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The Cancellation of the series “E” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL1,656; 2. Amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing; 3. Submission of the actions described in items 1 and 2 for approval by the Central Bank of Lebanon acting through its Central Council; and 4. Granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to perform all acts and procedures in pursuit of all of the foregoing resolutions.
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Bank Audi SAL- Friday May 22, 2015:
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Based on the decision of the Board of Directors of Bank Audi SAL related to the Cancellation of the Series “E” Preferred Shares and to the increase of the Bank’s Capital in order to round the nominal value of each share to become LBP 1,656; The Beirut Stock Exchange decided to cease trading in Bank Audi Preferred Shares Series “E” as of the end of the trading session of Friday, May 22, 2015.
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Société Libanaise des Ciments Blancs sal - Tuesday May 19, 2015:
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The Board of Directors of Societe Libanaise des Ciments Blancs SAL invites the shareholders to attend an Annual Ordinary General Assembly Meeting at 10 am on Thursday, June 18, 2015 at the offices of Holcim (Liban) S.A.L. in Dbayeh, (highway, Mitsulift bldg, 2nd floor) to discuss the following agenda: 1) Examine and approve the Board of Director’s report for the year 2014. 2) Examine and approve the Auditors’ report for the year 2014. 3) Approve the financial statement for the year 2014 and grant discharge to the Board of Directors. 4) Examine and approve the Board of Director’s report produced according to article 158 of the Code of Commerce. 5) Examine and approve the Auditors’ report produced according to article 158 of the Code of Commerce. 6) Elect members to the Board of Directors. 7) Designate the External Auditors for the year 2015 and fix their remunerations. 8) Distribute dividends.
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Rasamny Younis Motor Company S.A.L. – Monday May 18, 2015:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. convened on May 13, 2015 and took the decision to call the shareholders of the Company to hold the Annual General Assembly Meeting on Friday, June 19, 2015 at 5 p.m. at the Company’s Headquarters - Chiyah Boulevard, Galerie Semaan, to discuss the following agenda:1) Examine the Board of Director’s General and special reports for the year 2014. 2) Examine the Auditors’ General and special reports for the year 2014. 3) Approve the accounts of the year 2014 and allocate the results. 4) Give full discharge to the Chairman and to the Directors for the year 2014. 5) Approve the transactions between the company and some board members during the year 2014 and give prior authorization according to article 158 of the Code of Commerce based on the Board of Director’s special report. 6) Give prior authorization to the Board members according to article 159 of the Code of Commerce. 7) Give the Board of Directors the authorization to take credits from banks. 8) Fix the remunerations of the Chairman and of the Directors for the year 2015. 9) Designate the External Auditor for the year 2015 and fix his remuneration. 10) Approve to guarantee Rasarya Real estate for investment S.A.L. and commit to pay its liabilities for Bank Audi S.A.L. 11) Approve to issue a printed copy of the By-Laws of the company that include all previous amendments. 12) Any issue which could arise.
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Byblos Bank S.A.L. - Monday May 18, 2015:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 15 May 2015 at the Bank’s Headquarters, approved on the distribution of dividends for the year 2014 for the gross amount of LBP 161,551 million distributed as follows: For Common Shareholders: LBP 200 per share (LBP 190 Net of 5% withholding tax). For Preferred Shareholders: Class 2008: USD 8 per share (USD 7.6 Net of 5% withholding tax). Class 2009: USD 8 per share (USD 7.6 Net of 5% withholding tax). Such dividends will be paid on or about 22 May 2015 after deducting the 5% withholding tax, to shareholders as at 20 May 2015 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 May 2015. For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5% withholding tax and other expenses starting 27 May 2015.
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BLC Bank SAL – Wednesday May 13, 2015:
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The Annual Ordinary General Assembly of shareholders of BLC Bank S.A.L. convened on May 12, 2015 and resolved to approve the bank’s accounts for the year 2014 and declare distribution of dividends as follows: 1- Dividends before distribution tax ( 5%): Preferred Shares Class A: USD 7 per share. Preferred Shares Class B: USD 7 per share. Preferred Shares Class C:USD 6.75 per share. Common Shares: (LBP 130 per share - subject to the approval of Banque Du Liban). 2-Dividends net of distribution tax ( 5%): Preferred Shares Class A: USD 6.65 per share. Preferred Shares Class B: USD 6.65 per share. Preferred Shares Class C: USD 6.41 per share. Common Shares: (LBP 123.5 per share - subject to the approval of Banque Du Liban). 3-Important dates: 15 May 2015: Dividend record date. 13 May 2015: Ex-dividend date. 16 May 2015: Dividend payment date for Preferred Shares Classes A, B & C. Dividend payment date for Common shares is 5 Business days after the date of the approval of Banque Du Liban. .
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Resistance and Liberation Day- Monday May 25, 2015:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Monday, May 25, 2015. Trading will be resumed on Tuesday May 26, 2015.
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Banque BEMO S.A.L. – Thursday May 07, 2015:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Annual General Assembly Meeting that will be held at 9:00 am on Friday, May 29, 2015 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: 1) Examine the Board of Director’s general Report for the year 2014. 2) Examine the Auditors’ Report for the year 2014. 3) Examine the Board of Director’s Special Report and the Auditors’ Special Report prepared according to articles 158 & 159 of the Code of Commerce and to article 152 of the Code of Money and Credit and give authorizations accordingly. 4) Examine and approve the accounts for the year 2014 and allocate the results. 5) Approve the Consolidated Financial Statements till 31/12/2014. 6) Elect a new member to the Board of directors. 7) Give full discharge to the President and members of the Board of directors for the year 2014. 8) Fix the remunerations of the President – General Manager for the year 2015. 9) Fix the remunerations of the Board of directors for the year 2015. 10) Fix the remunerations of the External Auditors. 11) Other subjects. Shareholders are requested to abide by the rules of the Bank’s by-laws, noting that the documents requested by article 197 of the Code of Commerce will be available to shareholders at the bank’s head office 15 days before the Ordinary General Assembly.
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Bank Audi SAL- Tueday May 05, 2015:
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Bank Audi sal’s Annual Report for the year ended 31 December 2014 (the “Annual Report”) is available from the address below: The Corporate Secretary Bank Audi sal Audi Plaza – Bab Idriss Beirut 2021 8102 - Lebanon The Annual Report can also be downloaded from the Company’s website at www.bankaudigroup.com or by clicking on the following link: http://www.bankaudigroup.com/group/annual-reports
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Labor Day –Friday May 01, 2015:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Friday, May 01, 2015. Trading will be resumed on Monday, May 04, 2015.
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BLC Bank SAL – Monday April 27, 2015:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 12:00 noon, on Tuesday May 12, 2015, at the Bank’s Head Office to discuss the following agenda: - Examine the Board of Director’s General and private Reports for the fiscal year 2014.- Examine the Auditors’ General and private Reports for the fiscal year 2014.- Give proper approval as per Articles 158 &159 of the Code of Commerce and article 152 of the Code of Money and Credit. - Approve the accounts for the fiscal year 2014. - Give full discharge to the Board of Directors. - Allocate the results of the fiscal year. - Fix the remunerations of the Chairman and members of the Board of Directors. - Any matters which could arise.
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Bank of Beirut S.A.L.- Monday April 27, 2015:
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In Reference to the announcement issued by Bank of Beirut SAL related to the distribution of dividends for the holders of shares on record as at April 30, 2015, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is April 28, 2015.
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Bank of Beirut S.A.L.- Monday April 27, 2015:
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The Ordinary General Assembly of Shareholders of Bank of Beirut s.a.l. convened on April 24, 2015 and resolved to approve the Bank’s accounts for the year 2014 and declared distribution of dividends as follows:- To Holders of Series “E” Preferred Shares: USD 2.00 per share- To Holders of Series “F” Preferred Shares: USD 2.00 per share- To Holders of Series “G” Preferred Shares: USD 2.36 per share- To Holders of Series “H” Preferred Shares: USD 1.75 per share- To Holders of Series “H” Preferred Shares: USD 1.69 per share- To Holders of Priority Shares Class 2014: “Priority dividend” of USD 0.26 per share that represents 4.00% of the Issue price amounted USD 21.00 per share for the period from September 8, 2014, (The date of the Extraordinary General Assembly Meeting that verified the Capital increase by issuing Priority Shares Class 2014) until 31/12/2014. To Holders of Common Shares: LBP 900 per share As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:- To Holders of Series “E” Preferred Shares: USD 1.90 per share- To Holders of Series “F” Preferred Shares: USD 1.90 per share- To Holders of Series “G” Preferred Shares: USD 2.24 per share- To Holders of Series “H” Preferred Shares: USD 1.66 per share- To Holders of Series “I” Preferred Shares: USD 1.61 per share- To Holders of Priority Shares Class 2014: “Priority dividend” USD 0.25 per share- To Holders of Common Shares: LBP 855 per shareDividends will be paid through Midclear S.A.L. starting May 1, 2015 until May 12, 2015 for the holders of shares as at April 30, 2015 (Record Date), according to the records of Midclear S.A.L. As for the holders of Series “F”, the records of Midclear S.A.L. as at December 26, 2014, the redemption date of these shares will be used.
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Byblos Bank S.A.L. - Wednesday April 22, 2015:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 17 April 2015, to propose to the Ordinary General Assembly convened to meet on 15 May 2015 at the Bank’s Headquarters, the distribution of dividends for the year 2014 as follows: For Common Shareholders LBP 200 per share (Before withholding tax). For Preferred Shareholders: - Class 2008: USD 8 per share; (Before withholding tax). Class 2009: USD 8 per share; (Before withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 22 May 2015 after deducting the withholding tax, to shareholders as at 20 May 2015 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 18 May 2015. For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 27 May 2015.
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Byblos Bank S.A.L. - Monday April 20, 2015:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 a.m. on Friday, 15 May 2015, in order to discuss and decide on the matters listed in the following agenda: 1. To hear the Board of Directors’ general and special reports for the fiscal year 2014. 2. To hear the Auditors’ general and special reports for the fiscal year 2014. 3. To advise on the accounts of the fiscal year 2014 and on the allocation of its results. 4. To advise on the discharge of the chairman and Board members for their management duties during the fiscal year 2014. 5. To advise on the election of a new Board of Directors. 6. To advise on the operations performed between the Board members and the Bank during the fiscal year 2014 and on the authorization to be given to the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2015 all the operations described in the special report of the Board of Directors and the Auditors. 7. To advise on appointment of the Auditors for 2014, 2015 and 2016. 8. To advise on the determination of the remuneration of the Auditors’ and the emoluments of the Board members and Board committee members for the fiscal year 2015. 9. Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2014, general and special reports of both the Board and the Auditors for the fiscal year 2014, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 20, 2015:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Friday, 15 May 2015, in order to discuss and decide on the matters listed in the following agenda: 1. To hear the Board of Directors’ general and special reports for the fiscal year 2014. 2. To hear the Auditors’ general and special reports for the fiscal year 2014. 3. To approve the accounts of the fiscal year 2014 and allocate its results. 4. To discharge the chairman and Board members for their management duties during the fiscal year 2014. 5. To elect a new Board of Directors. 6. To approve the operations performed between the Board members and the Bank during the fiscal year 2014 and authorize the Board members, in accordance with Articles 158 & 159 of the Code of Commerce and Article 152 of the Code of Money and Credit, to carry out during 2015 all the operations described in the special report of the Board of Directors and the Auditors. 7. To appoint the Auditors for 2014, 2015 and 2016. 8. To determine the remuneration of the Auditors’ and the emoluments of the Board members and Board committee members for the fiscal year 2015. 9. Miscellaneous. The balance sheet, inventory, profit and loss account for the fiscal year 2014, general and special reports of both the Board and the Auditors for the fiscal year 2014, consolidated profit and loss account, consolidated balance sheet and relevant Auditors’ report, as well as the list of shareholders, will be made available to the shareholders at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, during the regular business hours 16 days before the meeting.
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Byblos Bank S.A.L. - Monday April 20, 2015:
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The shareholders of Byblos Bank S.A.L. are invited to attend the extraordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 1:00 p.m. on Friday, 15 May 2015, in order to discuss and decide on the matters listed on the following agenda: - Insertion of article 34 bis in the Bank’s Articles of Association. - Miscellaneous.
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BLOM Bank SAL- Thursday April 16, 2015:
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In reference to the announcement issued by BLOM Bank SAL related to the distribution of dividends for the holders of shares on record as at April 22, 2015, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is April 20, 2015.
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BLOM Bank SAL- Thursday April 16, 2015:
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The Ordinary General Assembly of Shareholders of BLOM Bank s.a.l. convened on April 15, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare distribution of LBP231,478,123,000 as dividends in the following way: - To holders of Preferred Shares Class 2011: USD 0.7 per share. - To Holders of Ordinary Shares: LBP 1000 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Preferred Shares Class 2011: USD 0.665 per share. - To Holders of Ordinary Shares: LBP 950 per share. The agenda for dividend distribution will be as follows: i) Ordinary shares - Record Date, April 22, 2015 Payment Date April 23, 2015. ii) Preferred shares - Record Date, April 22, 2015 Payment Date April 22, 2015.
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Holcim (Liban) S.A.L. – Wednesday April 15, 2015:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday May 28, 2015 at Le Royal Hotel – Dbayeh to discuss the following agenda: - Approve the report of the Board of Directors for the year ended December 31, 2014. - Approve the report of the Auditors for the year ended December 31, 2014. - Approve the Balance Sheet and Income Statements for the year ended December 31, 2014 and give the Board of Directors complete clearance for the business of this year. - Approve the report of the Board of directors produced according to Article 158 of the Code of Commerce.- Approve the Auditors’ report produced according to Article 158 of the Code of Commerce. - Elect members to the Board of Directors. - Nominate Auditors for the fiscal year 2015 and fix their fees.- Distribute Dividends. - Give authorization to the directors in accordance with the provisions of article 29 of the by-laws. To attend the meeting, owners of bearer shares must present to the company, at its offices in Heri or Dbayeh, at least five days before the meeting, their shares or receipts of evidence that proof that they deposited their shares in authorized banks. Owners of nominal shares and owners of bearer shares whose shares are deposited at the company against certificate of deposits, must register their names in the company's register within the same period.
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Bank of Beirut S.A.L.- Thursday April 9, 2015:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Annual Ordinary General Assembly Meeting to be held at 10:30 a.m., on Friday April 24, 2015, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Approve the reports of the Board of Directors for the fiscal year 2014. 2- Approve the Auditors’ reports for the fiscal year 2014. 3- Approve the Balance Sheet and Profit and Loss accounts of the fiscal year 2014. 4- Appropriate the bank’s profits for the year 2014. 5- Discharge the chairman and members of the Board of Directors in respect of activities performed during the fiscal year 2014. 6- Give the members of the Board of Directors the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. 7- Other subjects.
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Bank Audi SAL- Wednesday April 8, 2015:
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Reference to the announcement issued by Bank Audi SAL related to the distribution of dividends for the holders of shares on record as at April 14, 2015, the Beirut Stock Exchange declares that the Ex-dividend date of the mentioned shares is April 8, 2015.
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Bank Audi SAL- Wednesday April 8, 2015:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. convened on April 7, 2015 and resolved to (i) approve the Bank’s accounts for the year 2014 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “E” Preferred Shares: USD 6 per share. - To Holders of Series “F” Preferred Shares: USD 6 per share. - To Holders of Series “G” Preferred Shares: USD 6 per share. - To Holders of Series “H” Preferred Shares: USD 6.5 per share. - To Holders of Common Shares: LBP 603 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “E” Preferred Shares: USD 5.7 per share. - To Holders of Series “F” Preferred Shares: USD 5.7 per share. - To Holders of Series “G” Preferred Shares: USD 5.7 per share. - To Holders of Series “H” Preferred Shares: USD 6.175 per share. - To Holders of Common Shares: LBP 572.85 per share. Dividends will be paid through Midclear S.A.L. starting April 15, 2015 for the holders of shares as at April 14, 2015 (Record Date), according to the records of Midclear S.A.L.
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Good Friday and Easter Holidays – April 3, 6, 10 & 13 2015:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: April 3, 6, 10 & 13, 2015.
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Bank of Beirut S.A.L.- Monday March 30, 2015:
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The holders of Bank of Beirut Preferred shares Class (J) are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Tueday April 14, 2015, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: - Draft the By-Laws for the Assembly of Preferred Shares Class (J). - Nominate the representatives of the Assembly. - Other subjects
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Feast of Annunciation – Wednesday March 25, 2015:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Wednesday, March 25, 2015.
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BLOM Bank S.A.L. - Monday March 23, 2015:
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The Board of Directors of BLOM Bank S.A.L convened on Friday, March 20, 2015 and took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 15, 2015 at 11.00 O’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L. building. The General Assembly of shareholders will fix the dividends to be distributed, relating to the Financial year 2014; knowing that the Board of Directors proposed to the General Assembly of Shareholders to pay an amount of 1000 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0.70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: i) Ordinary shares - Record Date, April 22, 2015 Payment Date April 23, 2015. ii) Preferred shares - Record Date, April 22, 2015 Payment Date April 22, 2015.
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Bank Audi SAL- Monday March 23, 2015:
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Bank Audi s.a.l’s Audited Consolidated Annual Financial Statements for the year ended 31 December 2014 (including the Auditors’ report and accompanying notes) can be downloaded from the Company’s website http://www.bankaudigroup.com/
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Bank Audi SAL- Friday March 20, 2015:
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In its meeting held on March 19, 2015, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 15, 2015 to holders of common shares as at April 14, 2015 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Bank Audi SAL- Friday March 20, 2015:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 7, 2015 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2014 and to examine the following agenda:1. To approve the Bank’s accounts, in particular, the balance sheet and the profit and loss statement, as of and for the year ended December 31, 2014, and to discharge the Chairman and members of the Board of Directors of the Bank in respect of activities performed during the year ended December 31, 2014;2. To appropriate the 2014 profits;3. To declare distributions to the holders of the Bank’s preferred shares and dividends to the holders of Common Shares and determine the related record and payment dates;4. To ratify loans granted during the year 2014 to related parties as per Article 152 of the Code of Money and Credit;5. To authorise the granting of loans to related parties during the year 2015, in accordance with Article 152 of the Code of Money and Credit;6. To ratify transactions entered into between the Bank and members of the Board of Directors or affiliated companies during the year ended December 31, 2014 pursuant to Article 158 of the Code of Commerce and to authorise the Bank to enter into similar transactions during the year 2015; 7. To confirm the managerial responsibilities of certain Board members and to determine their fixed and performance-related remuneration in respect of such responsibilities;8. To authorise the participation of certain Board members in the boards of other companies and to grant the necessary related authorisations pursuant to Article 159 of the Code of Commerce; and 9. To determine the External Auditors’ fees for the year 2015.
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The Arab Federation of Exchanges Equities Summit 2015 AFE Equities Summit 2015- April 22& 23, 2015
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The Arab Federation of Exchanges, in partnership with Thomson Reuters and Bahrain Bourse, cordially invite you to attend the “AFE Equities Summit 2015” to be held on April 22nd & 23rd, 2015 at the Ritz-Carlton Hotel, Manama – Kingdom of Bahrain. The Arab Federation of Exchanges (AFE) hosts its annual conference which plays an important role in uniting the leaders of the Arab financial markets with regional and international experts. This year AFE, in partnership with Thomson Reuters and Bahrain Bourse, will be raising the benchmark and turning this into an even bigger event encompassing all stakeholders within the Equities field. Summit hosts over 35 world-class speakers and panelists, on a regional and international level, providing highly relevant and interactive content and addressing all the important issues within the Equities space for all stakeholders involved, under one roof. Summit speakers include: - Dominique Cerutti, Chairman, Euronext. - Meyer "Sandy" Frucher, Vice Chairman, Nasdaq OMX. - Robert Shakotko, Managing Director, S&P Dow Jones Indices. - Deirdre Somers, Chief Executive Officer, Irish Stock Exchange. - Hüseyin Zafer, Acting Chief Executive Officer, Borsa Istanbul. - Chip Dempsey, Executive Director, Principal Strategic Investments, Morgan Stanley. - Sunil Benimadhu, Chief Executive, Stock Exchange of Mauritius. For Event details and registration: http://info.accelus.thomsonreuters.com/AFE-Home or visit: www.arab-exchanges.org
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Banque BEMO S.A.L. – Monday March 16, 2015:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL held a meeting on Tuesday, February 10, 2015 and decided to Elect Mrs. Carinne Obegi and Mr. Derek Abed el kader El Zein to the Board of Directors for the period ending when the Ordinary General assembly will be held during the year 2016 to approve the accounts of the year 2015.
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Trading session of March 02, 2015
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Due to a technical issue, the trading session of today, March 02, 2015 will be rescheduled as follows: - Pre-opening phase: till 10:00 a.m. - Opening: 10:00 a.m. - Continuous trading session: from 10:00 a.m. till 12:30 p.m. - Closing: 12:30 p.m.
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St. Maroun's Day- Monday February 09, 2015:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2015.
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Bank of Beirut S.A.L.- Friday February 6, 2015:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /3,000,000/ Non-Cumulative, Perpetual, Redeemable Preferred Shares Class (J), issued by Bank of Beirut SAL in the official market of the stock exchange. Trading is scheduled to start on Wednesday, February 11, 2015.
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Bank Audi SAL- Friday February 6, 2015:
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The Beirut Stock Exchange decided to list, as of February 11, 2015, an additional /722,264/ GDRs linked to the shares of Bank Audi SAL in the official market of the Stock Exchange. These GDRs will be added to the previously listed /115,515,853/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /116,238,117/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Banque BEMO S.A.L. – Thursday January 22, 2015
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the General Assembly Meeting that will be held at 9:00 am on Tuesday, February 10, 2015 at the Bank's Head office in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Elect new members to the Board of Directors. - Other subjects. Shareholders who want to participate in this General Assembly Meeting have to abide by the bank’s By-Laws and by the current laws and regulations.
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De-listing of a maturing Eurobond Issue – Friday January 9, 2015:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday January 12, 2015 the Lebanese Republic Eurobonds Issue labeled Series number 53 worth USD /250.000.000/ carrying an Interest rate of 5,875% and maturity on January 15, 2015.
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Armenian Christmas Day – Tuesday January 06, 2015
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Tuesday, January 06, 2015.
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Last Trading Day at the Beirut Stock Exchange for 2014- Tuesday December 30, 2014:
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Tuesday December 30, 2014 will be the last trading day at the Beirut Stock Exchange for the year 2014.
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Bank of Beirut S.A.L.- Monday December 29, 2014:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on December 26, 2014 and resolved to approve the adequate completion of all the procedures for the increase of the Bank’s capital through the issuance of the three million preferred shares class (J). In addition, the Extraordinary General Assembly of shareholders resolved to approve the cancellation of all preferred shares class (F), the substitution of the nominal value of the cancelled shares in the capital of the Bank through the incorporation of free reserves, and for the avoidance of residual amounts in the nominal value of each share, the Extraordinary General Assembly resolved to approve the increase of the capital of the Bank to become LBP105,185,154,000 through the incorporation of free reserve, resulting in a nominal value of each share of LBP 1,410.
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BLC Finance SAL ends its activity as a broker in the BSE – Tuesday December 16, 2014:
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As per the request of BLC Finance SAL, the Beirut Stock Exchange decided to de-list the Company from its list of authorized brokers starting Tuesday, December 23, 2014.
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Rasamny Younis Motor Company S.A.L. – Thursday December 11, 2014:
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In implementation of the first decision of the Annual General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 26/06/2014, the company announces that it has distributed to shareholders on record as of 26/06/2014 an amount of LBP /3,767,400,000/; the equivalent to LBP /138/ per share before distribution tax.
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Banque BEMO S.A.L. – Wednesday December 10, 2014:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL held exceptionally on October 24, 2014 decided to issue unsecured, subordinated Bonds under the following terms and conditions: status: subordinated Bonds. Form: Registered. Principal Amount: USD 25,000,000. Nominal Value per Bond: USD 10,000. Number of Bonds: 2,500. Subscription: Available to Lebanese and foreign persons and companies. Subscription period: From Monday December 15, 2014 till Saturday December 20, 2014 at 1 pm exactly. Those interested shall contact the head office of the bank in Beirut, Riad Al Solh Street, Al Assayli bldg. Guarantees: Issuing Bonds do not benefit from any personal or kind guarantees from the bank or from any entity associated to it. Rate of Interest: 6% per annum, this interest is subject to 5% current tax. Interest Dates: June 30 and December 31 in each year, commencing December 31, 2015 (which will include interest attributable to the entire previous period). Conversion and Partition: Bonds are indivisible and cannot be converted into shares. Sale of Bonds: Sale of Bonds is free without any restrictions. Maturity: January 04, 2021, bonds are non-refundable and non-redeemable in advance.
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Bank of Beirut S.A.L.- Friday December 5, 2014:
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Subscription in Preferred Shares Class (J) that will be issued by Bank Of Beirut SAL Subscription period: From Friday December 12, 2014 at 8:30 am till Tuesday December 16, 2014 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Preferred Shares Class J: /3,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,350/ as nominal value and the balance as issue premium. Subscription should be executed in complete units constituted of 100 preferred shares class (J) each with an issue price of USD 2500 for each unit. Subscription price should be paid in cash upon subscription. Priority right in subscription: Holders of Preferred Shares Class (E), Preferred Shares Class (F), Preferred Shares Class (G), Preferred Shares Class (H) & Preferred Shares Class (I) will have priority right to subscribe, on a non-reducible basis, to the issue of Class (J) preferred shares, pro rata to their holdings of the total share capital of the bank. Any preferred shares class (J) not subscribed to by holders of preferred shares class (E), (F), (G), (H) and (I) can be subscribed to by the holders of common shares, holders of priority shares, holders of preferred shares and by others. Holders of preferred shares as of the record date which is Wednesday, December 10, 2014 according to the records of Midclear SAL will have priority right, as stated here above, to subscribe in the preferred shares class (J).
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•Bank of Beirut S.A.L.- Friday December 5, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly Meeting to be held at 12 p.m., on Friday January 26, 2014, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Verify the correct completion of the subscription in the new Preferred shares Class (J). - Make sure that all the procedures executed to increase the Bank’s Capital are correct. - Announce that the Capital of Bank of Beirut S.A.L became LBP /104,759,190,000/. - Increase Bank of Beirut S.A.L. capital according to the repurchase and cancellation of the Preferred Shares Class (F) and amend some articles of the By-laws accordingly. - Divers matters.
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Bank Audi SAL- Friday December 5, 2014:
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The Extraordinary General Meeting of shareholders of Bank Audi resolves, pursuant to its resolution dated September 23, 2014 to increase the Bank’s capital from LBP 525,769,215,996 to LBP 667,836,186,600 i.e. by an amount of LBP 142,066,970,604 through the increase of the nominal value of each share to become LBP 1,650 instead of LBP 1,299 to: - Confirm and approve the adequate completion of all formalities and actions undertaken to execute the above mentioned increase. – Declare that Bank Audi’s capital is now LBP 667,836,186,600 fully paid and divided into 404,749,204 nominal shares having a par value of LBP 1,650 per share. – Declare, pursuant to the above, that the amendment of article 6 of the Bank’s By-laws as per the third resolution of the Extraordinary General Meeting held on September 23, 2014 is now effective. – Grand discharge to the Chairman and members of the Board of Directors in respect of all actions relating to the capital increase through the increase of the nominal value of each share and grant each of the Chairman of the Board – General Manager, Mr. Raymond Audi, and the member of the Board – General Manager, Mr. Samir Hanna, acting jointly or severally, and any other person empowered by any of them, the power to carry out all legal formalities and to carry out the publication, registration and execution of all related documents (with the authority to further delegate all or part of the aforementioned powers hereby granted to them).
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Bank Audi SAL- Thursday November 27, 2014:
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The Beirut Stock Exchange decided to list, as of December 1, 2014, an additional /13,021,942/ GDRs linked to the shares of Bank Audi SAL in the official market of the Stock Exchange. These GDRs will be added to the previously listed /102,493,911/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL becomes /115,515,853/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Bank of Beirut S.A.L.- Wednesday November 19, 2014:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on November 17, 2014 and decided to increase the capital of the Bank from LBP 100,709,190,000 to LBP 104,759,190,000 through the issuance of /3,000,000/ new preferred Shares to be labeled Preferred Shares Class (J). These shares shall have a par value of LBP 1,350 and an issue price of USD 25 each. Holders of Preferred Shares Class (E), Preferred Shares Class (F), Preferred Shares Class (G), Preferred Shares Class (H) & Preferred Shares Class (I) will have priority right to subscribe, on a non reducible basis, to the issue of Class (J) preferred shares, pro rata to their holdings of the total share capital of the bank. Any preferred shares class (J) not subscribed to by holders of preferred shares class (E), (F), (G), (H) and (I) can be subscribed to by the holders of common shares, holders of priority shares, holders of preferred shares and by others. Subscription shall be done with full units constituted of 100 preferred shares class (J) each, with a minimum subscription of one unit per subscriber. Holders of Preferred Shares Class (J) will receive non-cumulative annual distribution of 6.5% of the issue price. The Extraordinary General Assembly of shareholders also decided to list all of the /3,000,000/ Preferred Shares Class (J) in the Beirut Stock Exchange.
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Bank Audi SAL- Monday November 17, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Thursday December 4, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: The verification of the completion of the procedures for the increase of the Bank’s capital that was resolved by the Extraordinary General Meeting held on September 23, 2014 and the discharge of the Chairman and members of the Board of Directors of the Bank in respect of activities related to the Capital Increase.
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Banque BEMO S.A.L. – Thursday November 14, 2014:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL held exceptionally on October 24, 2014 decided to issue unsecured, subordinated Bonds under the following terms and conditions: status: subordinated Bonds. Form: Registered. Principal Amount: USD 25,000,000. Nominal Value per Bond: USD 10,000. Number of Bonds: 2,500. Subscription: Available to Lebanese and foreign persons and companies. Subscription period: to be defined by the Board of Directors of the Bank. Guarantees: Issuing Bonds do not benefit from any personal or kind guarantees from the bank or from any entity associated to it. Rate of Interest: 6% per annum. Interest Dates: June 30 and December 31 in each year, commencing December 31, 2015 (which will include interest attributable to the entire previous period). Conversion and Partition: Bonds are indivisible and cannot be converted into shares. Sale of Bonds: Sale of Bonds is free without any restrictions. Maturity: January 04, 2021, bonds are non-refundable and non-redeemable in advance.
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Bank Audi SAL- Friday November 7, 2014:
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Bank Audi s.a.l. announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2014. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsODEA.aspx
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Achoura – Tuesday November 4, 2014:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Tuesday, November 4, 2014.
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Bank of Beirut S.A.L.- Friday October 31, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly Meeting to be held at 3:30 p.m., on Monday, November 17, 2014 at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Increase the bank’s capital by issuing new non cumulative, redeemable, preferred shares to be labeled Class “J”, and define the remaining terms of these shares. - Amend some articles of the Company’s by-laws according to the Capital increase. - Other subjects.
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Bank of Beirut S.A.L.- Tuesday October 14, 2014:
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The Beirut Stock Exchange decided to accept, as of Thursday, October 16, 2014 the listing, trading and pricing of the /4,762,000/ Priority Shares Class 2014, issued by Bank of Beirut SAL in the official market of the stock exchange. These shares constitute a special class of the Bank’s Common Shares that benefit, for a limited period, in addition to the rights and obligations devolving on the remaining Common Shares, from a non-cumulative priority dividend (4% of the $21 – issue price) adjusted on a pro rata basis for the year 2014 to reflect the period from the issue date until the end of the year.
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Eid Al Adha – October 4 till 6, 2014:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on Monday, October 6, 2014. Trading will be resumed on Tuesday, October 7, 2014
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Banque BEMO S.A.L. – Thursday October 2, 2014:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held exceptionally at 9 am on Friday, October 24, 2014 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor to discuss the following agenda: - Discuss the issuance of subordinated bonds for a maximum amount of 25 million USD. - Other Subjects. shareholders willing to attend this Ordinary General Assembly that will be held exceptionally have to abide by the By-Laws of the bank and the applicable legal and organizational texts.
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Beirut Stock Exchange –Tuesday September 30, 2014:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2014 and any other overdue fees before 30/12/2014. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: - At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. - Or by calling the BSE administration at phone No. 01-993555, before 16/12/2014 to send one of its representatives to collect the check, against an official receipt.
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Bank Audi SAL– Monday September 29, 2014:
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The Beirut Stock Exchange decided to approve, as of September 30, 2014 the listing, trading and pricing of an additional /50,000,000/ common shares issued by Bank Audi SAL on the official market of the Stock Exchange. Thus the Bank's total number of common and preferred shares becomes listed on the official market of the BSE.
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Société Libanaise des Ciments Blancs sal - Monday September 22, 2014:
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The Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL convened on 18/06/2014 and decided to: - Approve the report of the Board of Directors of the year 2013. - Approve the report of the Auditors of the year 2013. - Approve the Balance Sheet and Income Statement of the fiscal year 2013 and discharge the Board of Directors in respect of activities performed during 2013. - Approve the report of the Board of Directors produced according to Article 158 of the Code of Commerce and approve all the operations mentioned in the report. - Approve the report of the auditors produced according to Article 158 of the Code of Commerce. - Reelect Mr. Jamil Bou Haroun to the Board of Directors for a period of 3 years, ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2016. - Nominate Ernst & Young as Auditors for the fiscal year 2014. - Distribute gross dividends of LBP /515,79/ per share.
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Holcim (Liban) S.A.L. – Monday September 22, 2014:
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The Ordinary General Assembly of Shareholders of Holcim (Liban) SAL convened on June 11, 2014 and decided to: - Approve the report of the Board of Directors for the year ended on December 31, 2013. - Approve the report of the Auditors for the year ended on December 31, 2013. - Approve the Balance Sheet and Income Statement for the year ended on December 31, 2013 and gives the Board of Directors complete clearance for the business of this year. - Approve the report of the Board of directors produced according to Article 158 of the Code of Commerce, approve all the operations of the company and give the Board of directors the authorization to renew these operations if necessary in the year 2014. - Approve the Auditors’ report produced according to Article 158 of the Code of Commerce. - Re-elect Le Patriarcat Maronite d’Antioche et de tout l’Orient, Holcibel, Cement S.A.L. to the Board of Directors, for a 3 year period ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2016. - Re-elect Ernst & Young as Auditors for the fiscal year 2014. - Distribute Dividends: the equivalent of LBP /1,516/ gross, per share. - Approve the transactions noted in Article 29 of the By-Laws and give when necessary the Board of directors the authorization stipulated in this Article.
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Bank of Beirut S.A.L.- Thursday September 11, 2014:
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The members of the Board of Directors of Bank of Beirut S.A.L. held a meeting, on Monday September 8, 2014, at the company's Head Office, Foch St, Beirut Downtown and resolved to: - Recommend to the Extraordinary General Assembly to increase the Bank’s capital by issuing non-cumulative, redeemable Preferred Shares to be labeled Preferred Shares Class (J). - Invite the Extraordinary General Assembly to meet at the Bank's Head Office, Foch St, Beirut Downtown. - Re-purchase all the Preferred Shares Class (F) issued by the bank on the recovery date; the last working day of 2014.
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Bank of Beirut S.A.L.- Thursday September 11, 2014:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares Class F that the Board of Directors decided in its meeting held on 08/09/2014, pursuant to article B4, fourth paragraph of the first decision taken by the Extraordinary General Assembly of shareholders held on July, 08, 2014, to redeem the Class F Preferred shares.
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Bank of Beirut S.A.L.- Wednesday September 10, 2014:
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The Extraordinary General Assembly of Bank of Beirut S.A.L. held on Monday September 8, 2014, at the company's Head Office, Foch St, Beirut Downtown took the following decisions: - Verify the correct completion of the subscription in the new Priority shares Class 2014. - Confirm the completion of procedure for the increase in the Bank’s Capital from LBP /94,280,490,000/ to LBP /100,709,190,000/. - Announce that the Capital of Bank of Beirut S.A.L . became LBP /100,709,190,000/. - Transfer the amount of issue premium of the newly issued Priority Shares Class 2014 to the issue premium account. - Authorize the Chairman and / or the Vice-General Manager to execute the decisions of this Assembly.
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Bank Audi SAL– Monday September 08, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday September 23, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - the verification of the completion of the procedures for the increase of the Bank’s capital that was resolved by the Extraordinary General Meeting held on August 26, 2014 and the discharge of the Chairman of the Board of Directors of the Bank and the members of the Board of Directors in respect of activities related to the Capital Increase; - as a result of the aforementioned verification, increase the nominal value of all the shares comprising the share capital of the Bank to become LL 1,650 per share, through the incorporation of an equivalent portion of the issue premium resulting from the Capital Increase; - the amendment of the Bank’s By-Laws, in particular article 6, to reflect the actions described in item 2 above; - the submission of the actions described in items 2 and 3 for approval by the Central Bank of Lebanon, acting through its Central Council; and - the granting to the Chairman of the Board of Directors and/or the CEO of the Bank of the necessary powers to seek required approvals and to perform all other procedures and acts in pursuit of all of the foregoing resolutions.
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Bank Audi SAL– Friday August 29, 2014:
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The Extraordinary General Meeting of Shareholders of Bank Audi SAL held on August 26, 2014 has resolved to increase the Bank’s capital through the issuance of 50 million new common shares (the “New Shares”). Holders of common shares as of the Record Date which is September 1, 2014 according to the records of Midclear S.A.L. will have pre-emptive rights in respect of the initial allocation of 40 million New Shares. The subscription period will be from Monday, September 01, 2014 till Friday, September 12, 2014.
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Bank Audi SAL– Wednesday August 27, 2014:
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The Extraordinary General Meeting of Shareholders of Bank Audi SAL held on August 26, 2014 has resolved, subject to the Central Bank’s approval, to increase the Bank’s capital through the issuance of 50 million new common shares (the “New Shares”). Holders of common shares as of the Record Date which is September 1, 2014 according to the records of Midclear S.A.L. will have pre-emptive rights in respect of the initial allocation of 40 million New Shares. The subscription period will be announced in due course.
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Bank of Beirut S.A.L.- Monday August 25, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Monday September 8, 2014, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: - Verify the completion of the increase of the Bank’s Capital from LBP /94,280,490,000/ to LBP /100,709,190,000/. - Make sure that all the Capital increase transactions have been correctly executed. - Announce that Bank of Beirut S.A.L .Capital became LBP /100,709,190,000/. - Other subjects.
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Banque BEMO S.A.L. – Friday August 22, 2014:
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Further to the decision of the Extraordinary General Assembly of sharehoolders of Banque BEMO SAL dated 16/05/2014 that decided to cancel the /200,000/ Preferred Shares issued in 2006 and to increase the Bank’s Capital to LBP /62,599,400,000/ so that the nominal value per share will become LBP /1,004/, the Beirut Stock Exchange decided to de-list the /200,000/ Preferred Shares issued in 2006 from the official market of the BSE, as of the publication date of this circular.
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Bank of Beirut S.A.L.- Monday August 18, 2014:
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Subscription in Priority Shares Class 2014 that will be issued by Bank Of Beirut SAL Subscription period: From Monday August 18, 2014 at 8:30 am till Thursday August 28, 2014 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Priority Shares Class 2014: /4,762,000/ shares. Price and rules of Subscription: USD /21/ per share divided into: LBP /1,350/ as nominal value and the balance as issue premium. Subscription should be executed in complete shares and the subscription price should be paid in cash upon subscription. Priority right in subscription: The holders of common shares will have a priority right to subscribe in the priority shares class 2014, on a non-reducible basis, according to the percentage of common shares they hold in the total number of common shares of the Bank’s capital and on a reducible basis, according to their contribution and within the limit of their reducible demands. Holders of preferred shares Class E, F, G, H & I do not possess any priority right to subscribe in the priority shares class 2014. However, while retaining the priority right for subscription given to the holders of common shares as stated above, the holders of preferred shares class E, F, G, H & I and the public, including holders of common shares, are entitled to subscribe in the remaining priority shares class 2014 provided that they subscribe by 12,000 priority shares class 2014 at least and 2,400,000 shares at most.
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Assumption of the Virgin Mary - Friday August 15, 2014:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Friday, August 15, 2014.
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Bank Audi SAL– Wednesday August 13, 2014:
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Bank Audi s.a.l. announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended June 30, 2014. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsODEA.aspx
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Trading session of August 13, 2014
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Due to a technical issue, the trading session of today, August 13, 2014 will be rescheduled as follows: - Pre-opening phase: till 11:00 a.m. - Opening: 11:00 a.m. - Continuous trading session: from 11:00 a.m. till 12:30 p.m. - Closing: 12:30 p.m.
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Bank Audi SAL– Friday August 08, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of common shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Tuesday August 26, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: - the increase of the Bank’s capital through the issuance of 50,000,000 Common Shares (the “New Shares”) and the determination of the amount, terms and conditions of said increase and its full, or partial, allocation; - the waiver of shareholders’ pre-emptive rights in respect of (i) up to 10,000,000 New Shares to be allocated to new shareholders and (ii) unexercised Rights, provided that, under this sub-clause (ii), shareholders will have pre-emptive rights in respect of the initial allocation of remaining New Shares pro rata to the number of Common Shares held by each shareholder; - the issuance of three warrants per New Share to purchase a share in the Bank’s subsidiary Odea Bank A.Ş.; - the listing of such newly-issued Common Shares on the Beirut Stock Exchange; - the amendment of the Bank’s By-Laws, including, in particular, Article 6 and Article 8 thereof, in order to reflect the actions described in items 1 and 4 above; - the submission of the actions described above for approval by the Lebanese regulatory authorities; and - the granting to the Board of Directors and to each of its Chairman and/or the CEO of the necessary powers to seek required approvals, to set deadlines and to perform all other procedures and acts in pursuit of all of the foregoing resolutions.
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Eid Al Fitr - July 28, 29 & 30, 2014
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange from Monday July 28, 2014 till Wednesday july 30, 2014. Trading will be resumed on Thursday July 31, 2104
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Rasamny Younis Motor Company S.A.L. – Thursday July 24, 2014:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 26/06/2014 and decided to: - Approve the financial statements for the year 2013 and declare a dividend distribution of LBP /138/ per share (before distribution tax). - Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2013. - Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2014 until the Ordinary General Assembly approves the accounts of this year. - Give the Board members the authorizations stipulated in Articles 158 & 159 of the Code of Commerce for the fiscal year 2014. - Specify yearly allocations for the Chairman and for every member of the Board of Directors. - Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2014.
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Société Libanaise des Ciments Blancs sal - Thursday July 17, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL held on 18/06/2014 related to the distribution of the 2013 dividends in exchange of coupon Nb.9 from the shares issued on 05/01/1998, the company announces that the dividends set at LBP /490/ per share (net of distribution tax), will be paid as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends through Banque Libano Francaise (Geitawi-Beirut or Jbeil-Jbeil or Tripoli- Al Tall), from July 25, 2014 till December 20, 2014. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: Shares will be traded with coupon Nb. 9 till the end of the trading session of Monday July 21, 2014 (included). Starting the trading session of Tuesday July 22, 2014, shares will be traded without coupon Nb.9. II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Monday July 21, 2014 (included). Starting the trading session of Tuesday July 22, 2014, (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim (Liban) S.A.L. – Thursday July 17, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 11, 2014 related to the distribution of the 2013 dividends in exchange of the coupon Nb.8 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1,440/ per share (net of distribution tax) will be paid starting Friday July 25, 2014 as follows: - Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.8 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Geitawi/Beirut or Jbeil/Jbeil or Tripoli/Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 25, 2014 till December 20, 2014. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows: Till the end of the trading session of Monday 21/07/2014 (included): Trading the shares with Coupon Nb. 8 that means with the dividends related to the share decided by the Ordinary General Assembly dated 11/06/2014. Starting the trading session of Tuesday 22/07/2014: Trading the shares without Coupon Nb. 8 that means without the dividends related to the share decided by the Ordinary General Assembly dated 11/06/2014.
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Holcim (Liban) S.A.L. – Wednesday July 09, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 11, 2014 related to the distribution of the 2013 dividends in exchange of the coupon Nb.8 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1,440/ per share (net of distribution tax) will be paid starting Friday July 25, 2014 as follows: - Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.8 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 25, 2014 till December 20, 2014. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery.
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• Société Libanaise des Ciments Blancs sal - Wednesday July 09, 2014:
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In implementation of the resolution of the Ordinary General Assembly of shareholders held on 18/06/2014 related to the distribution of the 2013 dividends in exchange of coupon Nb.9 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /490/ per share (net of distribution tax), will be paid starting Friday July 25, 2014 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.9 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), from July 25, 2014 till December 20, 2014. By the end of the mentioned period dividend payment will be executed at the company’s Head Office in Hery.
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Solidere- Monday June 30, 2014:
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As the Ordinary General Assembly was invited to meet for the first time on June 27, 2014 but the quorum wasn’t reached, a second meeting was decided to be held at 9:30 am on July 21, 2014 at Biel Downtown.
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Banque BEMO S.A.L. – Wenesday June 18, 2014:
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Banque BEMO sal will redeem its Preferred Shares issued in 2006 as indicated in the following schedule: - Record Date: 16th May 2014. - Payment Date: 18th June 2014. - Value of Redemption: USD 20,000,000. - Value of Dividends (Net of Taxes): USD 1,520,000.00
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Solidere- Friday June 06, 2014:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Friday June 27, 2014 in Biel Downtown. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 21, 2014 in Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Tuesday, August 12, 2014 in Biel Downtown.
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BLC Bank SAL – Monday June 02, 2014:
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The Ordinary General Assembly of BLC Bank S.A.L. convened on May 15, 2014 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2013. The Ordinary General Assembly declared dividends as follows: - To Holders of Preferred shares (A): USD 7.00 per share. - To Holders of Preferred shares (B): USD 7.00 per share. - To Holders of Preferred shares (C): USD 2.718 per share. The Ordinary General Assembly decided to give the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code and elected Mr. Henri de Courtivron and Me. Ziad Baroud to the Board of Directors for a period that will end with the current Board of Directors ruling period.
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Rasamny Younis Motor Company S.A.L. – Friday May 30, 2014:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Thursday June 26, 2014 at the company’s Head Office located in Chiyah Boulevard, Galerie Semaan.
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Byblos Bank SAL – Thursday May 29, 2014:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 9 May 2014 at the Bank’s Headquarters decided to approve the Board’s general and special reports and all the elements of the Consolidated and stand-alone balance sheet and the Consolidated and separate income statement for fiscal year 2013, and approved the distribution of the 2013 dividends as follows: - Dividends for Preferred Shares Class 2008 USD 8 per share; (USD 7.6 Net of 5 % withholding tax). - Dividends for Preferred Shares Class 2009 USD 8 per share; (USD 7.6 Net of 5 % withholding tax). - Dividends for Common Shares: LBP 200 per share (LBP 190 Net of 5% withholding tax). The Ordinary General Assembly also decided to discharge of the Chairman and Board members for their duties during the fiscal year 2013 and finally took note and approved the resignations of His Excellency Sami Haddad and decided to elect Mr. Des O’Shea as a board member for the remaining mandate of the present Board and until the Annual Ordinary General Assembly meets to examine the 2014 financial statements
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Bank of Beirut S.A.L.- Wednesday May 28, 2014:
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The Extraordinary General Assembly of shareholders of Bank of Beirut SAL convened on May 22, 2014 and decided to increase the capital of the Bank from LBP 94,280,490,000 to LBP 100,709,190,000 through the issuance of /4,762,000/ “series 2014 priority shares” for an issue price of USD 21 per share at a par value of LBP 1,350. Holders of common shares will have the right, on a priority basis, to subscribe to the issue of series 2014 priority shares. Subscribers in “series 2014 priority shares” will receive non-cumulative annual distribution of 4% of the issue price, adjusted on a pro-rata basis for the fraction of the year during which the issuance of the shares occurs, plus any dividend declared for common shares.
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Banque BEMO S.A.L. – Tuesday May 27, 2014:
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The Extraordinary General Assembly of shareholders of Banque BEMO SAL convened on May 16, 2014 and resolved to approve the cancellation of the /200,000/ preferred shares class 2006 and to increase the Bank’s capital from LBP 62,550,000,000 to LBP 62,599,400,000 hence an increase of LBP 49,400,000 resulting in a nominal value of each share of LBP 1,004. The Extraordinary General Assembly also resolved to empower the Board of Directors to make all necessary determinations regarding the redemption of the above mentioned preferred shares and to verify the completion of the procedures for the increase of the Bank’s capital.
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Banque BEMO S.A.L. – Tuesday May 27, 2014:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on May 16, 2014 and decided to: - Approve the Board of director’s report and the auditors’ report for the fiscal year 2013 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2013. - Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2013 amounting LBP /2,412,000,000/; (USD 1,600,000) and distribute to the holders of Common shares an amount of LBP /930,000,000/ (LBP /15/ per share). - Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2013. - Give the authorizations stipulated in Articles 152 of the Law of cash and credit. - Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. - Fix the attendance fees of the members of the Board of Directors for the year 2014. - Fix the fees of the Auditors: Deloitte and Touche and Fiduciaire du Moyen Orient (FMO) for the year 2014.
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حفل إطلاق إتفاقية التعاون مع بورصة يورونكست
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رعى فخامة رئيس الجمهورية العماد ميشال سليمان ممثلاً بمعالي وزير المال الاستاذ علي حسن خليل حفل توقيع إتفاقية التعاون بين بورصة بيروت وبورصة يورونكست الذي أقيم في فندق فور سيزنس، علماً أن هذا التوقيع تمّ من ضمن مجموعة أربعة بورصات عربية هي بالاضافة الى بورصة بيروت بورصة مسقط وعمّان وتونس. وحضر الحفل ممثل دولة رئيس مجلس الوزراء، معالي الدكتور الآن حكيم، ووزير الاعلام الاستاذ رمزي جريج والوزيرين السابقين وليد الداعوق وجان أوغاسابيان ورئيس المجلس الدستوري الدكتور عصام سليمان وأمين عام كل من إتحاد المصارف العربية وإتحاد البورصات العربية، إضافة الى حشد من الرسميين والمصرفيين ورجال المال. وأكد وزير المال على حرص وزارة المالية على تطوير جسور التعاون بين عراقة بورصة بيروت الذي تجاوز عمرها التسعين عاماً وبين التطور المتسارع في البورصات العالمية. وأشار الى أن التحدي الماثل أمام البورصة اليوم هو تحد ثلاثي: أولاً في تطوير أداءها ومواكبتها للتطورات التكنولوجية في العالم، وهو ما تقوم به بورصة بيروت اليوم عبر الاعلان عن النظام الجديد الذي ستعتمده البورصة وهو الأحدث في العالم، ثانياً تعميم ثقافة الادراج في البورصة وتحفيز الشركات على الادراج للحصول على التمويل المتوسط والطويل الامد لتعزيز رسملة الشركات وتخفيض تكاليف الانتاج، وثالثاً عمل الحكومة لتحفيز الاقتصاد وزيادة النمو عموماً، وهو أمر تضعه وزارة المالية نصب أعينها. فيما أشار رئيس بورصة بيروت بالانابة الدكتور غالب محمصاني الى الجهود التي بذلتها البورصة خلال السنوات الماضية والرامية لتطوير وتحديث السوق من خلال تدعيم بنيتها التحتية سيما في المجال التقني وعدّد أهم المزايا التي سيوفرها النظام الجديد للسوق المالي اللبناني.
بدوره عرض الاستاذ شادي سلامة لتاريخ بورصة بيروت والمراحل التي مرت بها بورصة بيروت في تحديث نظام التداول لديها. كما ألقى كل من السيد فراس صفي الدين، نائب رئيس هيئة الاسواق المالية، والسيد أحمد المرهون مدير سوق مسقط للآوراق المالية، والسيد نك ثورنتون نائب رئيس مجلس إدارة يورونكست كلمة في المناسبة.
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Bank Audi SAL– Friday May 16, 2014:
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Bank Audi s.a.l. announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended March 31, 2014. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsODEA.aspx For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Banque BEMO S.A.L. – Tuesday May 13, 2014:
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Further to the decision of the Board of Directors of Banque BEMO S.A.L. dated 11/04/2014 and further to the demand of the Bank. The Beirut Stock Exchange decided to cease trading in Banque BEMO S.A.L. preferred shares Class 2006 as of the end of the trading session of May 13, 2014, and consider this date the last trading day with these shares.
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Byblos Bank SAL – Monday May 12, 2014:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 9 May 2014 at the Bank’s Headquarters approved on the distribution of dividends for the year 2013 as follows: For Common Shareholders: • LBP 200 per share (LBP 190 Net of 5 % withholding tax) For Preferred Shareholders: • Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax) • Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax) Such dividends will be paid on or about 16 May 2014 after deducting the 5% withholding tax, to shareholders as at 14 May 2014 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 12 May 2014. For GDR holders: • LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5 % withholding tax and other expenses starting 21 May 2014.
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Holcim (Liban) S.A.L. – Monday May 12, 2014:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday June 11, 2014 at Le Royal Hotel – Dbayeh.
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Bank of Beirut S.A.L.- Tuesday May 6, 2014:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly Meeting to be held at 3 p.m., on Thursday May 22, 2014, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: (1) - Increase the Bank’s capital by issuing new priority shares according to article 110 of the Commercial Law, and determine the remaining terms of these shares. (2) - Amend some articles of the Company’s by-laws according to the capital increase. (3) - Other issues.
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Banque BEMO S.A.L. – Monday May 5, 2014:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:00 am, on Friday 16/05/2014 at the Bank’s headquarters in Riad Al Solh- Assayli bldg- 7th Floor in order to examine the following agenda: (1) - Cancellation of the Preferred Shares Class 2006 and increase of the bank’s capital by adding the nominal value of the cancelled shares on the nominal value of the remaining shares of the Bank and transferring part of the Reserves to the Capital for the avoidance of residual amounts in the nominal value of the shares pursuant to the redemption of the Preferred Shares Class 2006. (2) - Amendment of some articles of the bank’s By-Laws as a result of the redemption of the Preferred Shares Class 2006 and the increase of the Bank's capital. (3) - Other issues. The shareholders who wish to attend this Extraordinary General Assembly have to abide by the By-Laws of the bank and the applicable legal and organizational texts.
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Banque BEMO S.A.L. – Monday May 5, 2014:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 9:00 am on Friday, May 16, 2014 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor
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Bank of Beirut S.A.L.- Friday April 25, 2014:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 23, 2014 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2013. The Ordinary General Assembly declared dividends as follows: ● To Holders of Preferred shares (E): USD 2.00 per share ● To Holders of Preferred shares (F): USD 2.00 per share ● To Holders of Preferred shares (G): USD 2.3625 per share ● To Holders of Preferred shares (H): USD 1.75 per share ● To Holders of Preferred shares (I): USD 1.6875 per share ● To Holders of Common shares: LBP 859 per share. The Ordinary General Assembly also decided to discharge the chairman and members of the Board of Directors in respect of activities performed during the year ended December 31, 2013, and gave them the authorizations stipulated in articles 158 & 159 of the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code. In addition, the Ordinary General Assembly decided to elect Messrs. Salim Sfeir, Adib Millet, Antoine Abdel Massih, Fawaz Naboulsi, H.E. Anwar Mohamad El-Khalil, Emirates Bank International pjsc, Eng. Rached Ben Saad Al Rached, Antoine Wakim And Krikor Sadikian to the Board of Directors for a three year period that will end when the Ordinary General assembly will convene to approve the accounts of the year 2016. Finally the Ordinary General Assembly decided to nominate Deloitte and Touche auditors for the years 2014, 2015 & 2016.
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Société Libanaise des Ciments Blancs sal - Friday April 25, 2014:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Wednesday June 18, 2014 at the premises of Holcim (Liban) S.A.L. in Antelias.
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De-listing of a maturing Eurobond Issue – Thursday April 24, 2014:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday April 28, 2014 the Lebanese Republic Eurobonds Issue, labeled series 49 (tranche 1 and 2) worth USD /881,612,000/ carrying an interest rate of 9.00% and maturing on May 02, 2014.
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BLOM Bank S.A.L. - Tuesday April 22, 2014:
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BLOM Bank SAL invites the holders of Preferred Shares Class 2011 to attend an Ordinary General Assembly meeting to be held at 12:00 pm on Friday, May 9, 2014 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St. Blom Bank SAL bldg.
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Good Friday and Easter Holidays – April 18 & 21, 2014:
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On the occasion of Easter there will be no trading at the Beirut Stock Exchange from Friday, April 18, 2014 till Monday, April 21, 2014. Trading will be resumed on Tuesday, April 22, 2014.
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BLC Bank SAL – Wednesday April 17, 2014:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday May 15, 2014, at the Bank’s Head Office
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Byblos Bank SAL – Wednesday April 16, 2014:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 11 April 2014, to propose to the Ordinary General Assembly convened to meet on 9 May 2014 at the Bank’s Headquarters, the distribution of dividends for the year 2013 as follows: For Common Shareholders: LBP 200 per share (Before withholding tax). For Preferred Shareholders: Class 2008; USD 8 per share (Before withholding tax). Class 2009; USD 8 per share (Before withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 16 May 2014 after deducting the withholding tax, to shareholders as at 14 May 2014 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 12 May 2014. For GDR holders: LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the withholding tax and other expenses starting 21 May 2014.
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Bank Audi SAL– Tuesday April 15, 2014:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. convened on April 14, 2014 and resolved to (i) approve the Bank’s accounts for the year 2013 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “E” Preferred Shares: USD 6 per share - To Holders of Series “F” Preferred Shares: USD 6 per share - To Holders of Series “G” Preferred Shares: USD 4 per share - To Holders of Series “H” Preferred Shares: USD 4.5 per share - To Holders of Common Shares: LBP 603 per share As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “E” Preferred Shares: USD 5.7 per share - To Holders of Series “F” Preferred Shares: USD 5.7 per share - To Holders of Series “G” Preferred Shares: USD 3.8 per share - To Holders of Series “H” Preferred Shares: USD 4.275 per share - To Holders of Common Shares: LBP 572.85 per share. Dividends will be paid through Midclear S.A.L. starting April 16, 2014 for the holders of shares as at April 11, 2014 (Record Date), according to the records of Midclear S.A.L.
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Byblos Bank SAL – Monday April 14, 2014:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 AM on Friday, May 9, 2014.
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Byblos Bank SAL – Monday April 14, 2014:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Friday, May 9, 2014.
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Bank Audi SAL– Monday April 07, 2014:
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Bank Audi s.a.l’s Audited Consolidated Annual Financial Statements for the year ended 31 December 2013 (including the Auditors’ report and accompanying notes) can be downloaded from the Company’s website at www.banqueaudi.com.
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De-listing of a maturing Eurobond issue – Monday April 07, 2014:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday April 9, 2014 the Lebanese Republic Eurobonds Issue, labeled series 41, worth USD /676,902,000/, carrying an interest rate of 7.375% and maturing on April 14 2014.
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Bank Audi SAL– Friday March 28, 2014:
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The Board of Directors of Bank Audi s.a.l. invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 14, 2014 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2013.
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Feast of Annunciation – Tuesday March 25, 2014:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Tuesday, March 25, 2014.
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Bank Audi SAL– Friday March 21, 2014:
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In its meeting held on March 20, 2014, the Board of Directors of Bank Audi S.A.L resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 16, 2014 to holders of common shares as at April 11, 2014 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLOM Bank S.A.L. - Wednesday March 19, 2014:
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The Board of Directors of BLOM Bank S.A.L convened on Tuesday, March 18, 2014 and took the decision to call the shareholders of the Bank to hold the Annual General Assembly Meeting on Wednesday, April 9, 2014 at 11.00 O’clock in Beirut- Lebanon at the Bank’s Headquarters at Verdun, BLOM Bank S.A.L. The shareholders General Assembly will fix the dividends to be distributed, relating to the Financial year 2013; knowing that the Board or Directors proposed to the General Assembly of Shareholders to pay an amount of 750 LL (less a tax of 5%) as dividend for each listed ordinary share and to pay an amount of 0.70 USD (less a tax of 5%) as distribution for each listed series 2011 Preferred Share. Agenda for dividend distribution will be as follows: Last Trading Date, April 10, 2014. Ex-Dividend Date, April 11, 2014. Record Date, April 15, 2014. Payment Date April 16, 2014 for common shares and April 15, 2014 for preferred shares.
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Audi Saradar Investment Bank SAL– Wednesday March 12, 2014:
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In reference to the decision of the Extraordinary General Assembly of shareholders of Audi Saradar Investment Bank sal dated December 20, 2013 and the decision of H.E. the Governor of the Central Bank of Lebanon number 11692 dated February 21, 2014 that was published in the Official Gazette number 10 on March 06, 2014 the name of the broker has been amended to become: Audi Investment Bank sal.
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Bank Audi SAL Audi Saradar Group – Wednesday March 12, 2014:
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In reference to the decision of the Extraordinary General Assembly of shareholders of Bank Audi sal – Audi Saradar Group dated December 27, 2013 and the decision of H.E. the Governor of the Central Bank of Lebanon number 11691 dated February 21, 2014 that was published in the Official Gazette number 10 on March 06, 2014 the name of the bank has been amended to become: Bank Audi SAL.
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Bank Audi SAL – Audi Saradar Group – Monday March 10, 2014:
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Bank Audi sal announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended December 31, 2013.
The financial statements, together with the Notes and Auditos’ Report can be viewed on the page of Bank Audi sae (Egypt) on Bank Audi’s website (Link), and a summary in English of the financial statements can be viewed on the same website (Link).
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Banque BEMO S.A.L. – Thursday February 27, 2014:
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The Beirut Stock Exchange decided to approve the listing, trading and pricing of the /350,000/ Preferred Shares Class 2013 issued by Banque BEMO SAL on the official market of the Stock Exchange. Trading with the newly issued Preferred Shares will start on Tuesday, March 4, 2014.
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Day off – Friday February 14, 2014:
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On the occasion of the Ninth Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri, there will be no trading at the Beirut Stock Exchange on Friday, February 14, 2014.
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Bank Audi SAL – Audi Saradar Group – Wednesday January 22, 2014:
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The Beirut Stock Exchange decided to list, as of January 24, 2014 an additional /476,260/ GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /102,017,651/ GDRs, therefore, the total number of GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group becomes /102,493,911/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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BLC Bank SAL – Friday January 17, 2014.
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The Extraordinary General Assembly of the holders of preferred shares class “C” of BLC Bank SAL convened on December 06, 2013 and resolved to adopt its By-Laws. In addition, the Extraordinary General Assembly designated Mr. Hafez Abi Chaker to be the assembly’s representative.
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Bank Audi SAL – Audi Saradar Group – Monday December 30, 2013.
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Resolution adopted by the Extraordinary General Meeting of Shareholders of December 27, 2013: Sole resolution: The change of name of the company to become “Bank Audi S.A.L.” and the amendment of Article 3 (“Name”) of the company’s By-Laws.
The Extraordinary General Assembly of shareholders resolves to (i) change the name of the company to become “Bank Audi S.A.L.” (instead of “Bank Audi S.A.L. – Audi Saradar Group”) and (ii) amend article 3 of its By-Laws, accordingly, to read:
New text:
Article 3 – Name
The name of the Company is “Bank Audi S.A.L.”
The Extraordinary General Assembly of shareholders further declares that its present resolution is subject to the approval of the Central Bank of Lebanon, and resolves to grant each of (i) the Chairman of the Board of Directors, Mr. Raymond Audi and (ii) Board member and Group CEO, Mr. Samir Hanna, severally, the powers to carry out all necessary actions related to the change of name and, generally, to carry out all actions that may be necessary
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Christmas and New Year Holidays
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On the occasion of Christmas and New Year, there will be no trading at the Beirut Stock Exchange on Wednesday, December 25, 2013, on Tuesday, December 31, 2013, and on Wednesday, January 01, 2014. Likewise, there will be no trading on Monday, January 06, 2014 on the occasion of the Armenian Christmas Day.
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Bank Audi SAL – Audi Saradar Group – Tuesday December 10, 2013.
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The Board of Directors of Bank Audi sal – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday December 27, 2013 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: (1) To introduce a change in the name of the Company and amend the By-Laws accordingly
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Bank Audi SAL – Audi Saradar Group – Wednesday December 04, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended September 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com. For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Bank Audi SAL – Audi Saradar Group – Wednesday December 04, 2013:
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Bank Audi sal - Audi Saradar Group announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended September 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsBAEGY.aspx For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com
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BLC Bank SAL – Monday December 02, 2013:
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The Board of Directors of BLC Bank sal invites the holders of preferred shares class C to attend an Extraordinary General Assembly meeting to be held at 12 pm on Friday, December 06, 2013 at the Bank’s head office to discuss the following agenda: (i) Set the By-Laws of the Assembly of owners of preferred shares class “C". (ii) Assign a representative for the Assembly. (iii) Other subjects.
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Independence Day – Friday November 22, 2013:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Friday, November 22, 2013.
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Achoura – Thursday November 14, 2013
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Thursday, November 14, 2013.
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Hegria New Year - Monday November 04, 2013:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Monday, November 04, 2013.
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Eid Al Adha – October 15, 16 & 17, 2013.
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Tuesday, October 15, 2013 till Thursday, October 17, 2013. Trading will be resumed on Friday, October 18, 2013.
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Beirut Stock Exchange –Wednesday October 02, 2013:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2013 and any other overdue fees before 30/12/2013. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: • At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. • Or by calling the BSE administration at phone No. 01-993555, before 16/12/2013 to send one of its representatives to collect the check, against an official receipt.
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BLC Bank SAL – Thursday August 29, 2013:
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The Beirut Stock Exchange Committee decided to accept, as of Monday, September 02, 2013 the listing, trading and pricing of the 350,000 preferred shares class "C" issued by BLC Bank SAL on the official market of the stock exchange.
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Bank Audi SAL – Audi Saradar Group – Tuesday August 27, 2013:
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Bank Audi sal - Audi Saradar Group announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended June 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: http://www.banqueaudi.com/Financials/Pages/FinancialsBAEGY.aspx
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Banque BEMO S.A.L. – Monday August 26, 2013:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on June 07, 2013 and decided to: (I) Approve the Board of director’s report and the auditors’ report for the fiscal year 2012 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2012. (II) Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2012 amounting LBP /2,412,000,000/; (USD 1,600,000) and distribute to the holders of Common shares an amount of LBP /1,550,000,000/ (LBP /25/ per share). (III) Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2012. (IV) Elect a new Board of Directors for a three year period ending when the Ordinary General assembly will be held during the year 2016 to approve the accounts of the year 2015, members of the new boards are: - Mr. Riad Bechara Obegi - Dr. Ara Hrechdakian - Mr. Jean Victor Hajjar - Sheikh Hassan Mohamad Kabbani - Mr. Georges Bechara Obegi - Mr. Samih Halim Saadeh - Emir Karim Samir Abillama - Mr. Antoine Wakim - Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l. (V) Give the authorizations stipulated in Articles 152 of the Law of cash and credit. (VI) Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. (VII) Fix the attendance fees of the members of the Board of Directors for the year 2013.
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Bank Audi SAL – Audi Saradar Group – Thursday August 22, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended June 30, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com.
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Bank Audi SAL – Audi Saradar Group – Tuesday August 13, 2013:
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The Board of Directors of Bank Audi s.a.l. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Friday August 30, 2013 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The issuance of unsecured Subordinated Notes, which are expected to constitute Tier II capital; 2. The submission of the action described in item 1 for approval by the Central Bank of Lebanon, acting through its Central Council; and 3. The granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to seek required approvals, to set deadlines and to make all determinations and perform all other acts and procedures in pursuit of all of the foregoing resolutions.
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Eid Al Fitr
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on the first and second day of Eid.
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Rasamny Younis Motor Company S.A.L. – Friday July 26, 2013:
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Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders, that the Annual General Assembly that was held on 28/06/2013 decided to distribute LBP 165 per share, subject to 5% distribution tax, for all categories “A”, “B” & “C”. Payment will start on Tuesday 30/07/2013 as follows: (1) - In the company’s head office for shareholders carrying categories “A” & “C” shares. (2) - Through Midclear S.A.L. for shareholders carrying category “B” shares.
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Bank Audi SAL – Audi Saradar Group – Thursday July 25, 2013:
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Pursuant to the Beirut Stock Exchange (BSE) rule that requires issuers to inform the BSE of any change to their General Management or Board of Directors. The company announces that Mario Saradar has resigned as a Director, effective 11 July 2013. In line with applicable governance principles and Lebanese Law, Mr. Saradar decided to resign concomitantly with his acceptance of a Board Chairmanship position at an external financial institution, where he acquired a controlling stake.
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BLC Bank SAL – Wednesday July 24, 2013:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL held a meeting on 12/04/2013 and decided to: (i) Increase the capital of BLC Bank SAL from LBP /153,650,000,000/ to LBP /154,000,000,000/ by issuing /350,000/ new preferred shares to be labeled Preferred Shares Class C. (ii) Delegate the Board of Directors and/or the President of the Board to organize the subscription’s operation. (iii) Define the condition of the Bank’s Capital increase. (iv) List all the Preferred shares Class “C” in the financial markets. (v) Amend Article 6 of the Bank’s by-laws.
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Société Libanaise des Ciments Blancs sal - Friday July 19, 2013:
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In implementation of the resolution of the Ordinary General Assembly held on 22/05/2013 related to the distribution of the 2012 dividends in exchange of coupon Nb.8 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /370/ per share (net of distribution tax), will be paid as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends through Banque Libano Francaise (Al Akkawi-Beirut or Geitawi-Beirut or Jbeil-Jbeil or Tripoli- Al Tall), from July 26, 2013 till December 20, 2013. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: Shares will be traded with coupon Nb. 8 till the end of the trading session of Monday July 22, 2013 (included). Starting the trading session of Tuesday July 23, 2013, shares will be traded without coupon Nb.8. II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Monday July 22, 2013 (included). Starting the trading session of Tuesday July 23, 2013, (Ex-dividends date) shares will be traded without the above stated dividends.
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Société Libanaise des Ciments Blancs sal - Wednesday July 17, 2013:
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The Ordinary General Assembly of shareholders of Societe Libanaise des Ciments Blancs SAL convened on 22/05/2013 and decided to: • Approve the report of the Board of Directors of the year 2012. • Approve the report of the Auditors of the year 2012. • Approve the Balance Sheet and Income Statement of the fiscal year 2012 and discharge the Board of Directors in respect of activities performed during 2012. • Approve the report of the Board of Directors produced according to Article 158 of the Code of Commerce and approve all the operations mentioned in the report. • Approve the report of the auditors produced according to Article 158 of the Code of Commerce. • Reelect the following members to the Board of Directors for a period of 3 years, ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2015: Prime Invest S.A.L. Holding, Holcim (Liban) S.A.L. and Benedikt Vonnegut. • Nominate Ernst & Young as Auditors for the fiscal year 2013. • Distribute gross dividends of LBP /389.47/ per share.
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Rasamny Younis Motor Company S.A.L. –Thursday July 11, 2013:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 28/06/2013 and decided to: • Approve the financial statements for the year 2012. • Declare a dividend distribution of LBP /165/ per share (Before distribution tax). • Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2012. • Elect a new Board of Directors of 7 members for 3 years ending when the Ordinary General Assembly will be held to approve the accounts of 2015. The members are: Mr. Fayiz Kamil Rasamny, Mohamad Abed El Mohsen El Kharafi & sons Company, Fadi Younes, Omar Al Jaroudi, Ziad Rasamni, Albert Latif & Ziad Al Rayyis. • Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2013 until the Ordinary General Assembly will approve the accounts of this year. • Give the Board members the authorizations stipulated in Articles 158 & 159 of the Code of Commerce for the fiscal year 2013. • Specify yearly allocations for the Chairman and for every member of the Board of Directors. • Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2013.
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Société Libanaise des Ciments Blancs sal - Wednesday July 10, 2013:
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In implementation of the resolution of the Ordinary General Assembly held on 22/05/2013 related to the distribution of the 2012 dividends in exchange of coupon Nb.8 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /370/ per share (net of distribution tax), will be paid starting Friday July 26, 2013 as follows: • Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. • Other shareholders can receive their dividends when presenting coupon Nb.8 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi-Beirut branch, Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), from July 26, 2013 till December 20, 2013. By the end of the mentioned period dividend payment will be executed at the company’s Head Office in Hery.
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Holcim (Liban) S.A.L. – Wednesday July 10, 2013:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on June 11, 2013 related to the distribution of the 2012 dividends in exchange of the coupon Nb.7 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1189.73/ per share (net of distribution tax) will be paid starting Friday July 26, 2013 as follows: o Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. o Other shareholders can receive their dividends when presenting coupon Nb.7 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Akkawi-Beirut branch, Al Jeitawi-Beirut branch, Jbeil-Jbeil branch or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 26, 2013 till December 20, 2013. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery.
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Bank Audi SAL – Audi Saradar Group – Tuesday July 2, 2013:
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The Beirut Stock Exchange Committee decided to accept the listing, trading and pricing of the /1,500,000/ Preferred Shares Class (G) and the /750,000/ Preferred Shares Class (H), issued by Bank Audi S.A.L. - Audi Saradar Group in the official market of the Stock Exchange.
Trading with the mentioned Preferred Shares is scheduled to start on Friday 05/07/2013.
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Solidere- Tuesday June 25, 2013:
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As the Ordinary General Assembly was invited to meet for the first time on June 24, 2013 but the majority wasn’t reached, a second meeting was decided to be held at 9:30 am on July 29, 2013 in Biel Downtown.
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BLC Bank SAL – Friday June 21, 2013:
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The Ordinary General Assembly of shareholders of BLC Bank SAL convened on 22/05/2013 and approved the reports of the board of directors, the Auditors' report and the financial statements of the Bank for the year 2012. The Assembly declared a dividend distribution of LBP /65/ per common share, USD /7.00/ per Preferred Share Class A and USD /7.00/ per Preferred Share Class B and discharged the chairman and the Board members in respect of activities performed during the fiscal year 2012. The Assembly also gave the authorizations stipulated in Articles 158 & 159 of the Lebanese Labor Law and Article 152 of the Cash and Credit Law, and elected a new Board of Directors for a 3 year mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2015). The new board is composed as follows: Maurice Sehnaoui, Nadim Kassar, Adnan Kassar, Adel Kassar, Nabil Kassar, Walid Daouk, Mansour Bteish, Nazem El Khoury, Raoul Nehme, Walid Ziadeh and Antoine Mereb.
Finally the General Assembly designated Deloitte & Touche as the Bank’s Auditors for the years: 2013, 2014 & 2015.
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Bank Audi SAL – Audi Saradar Group – Wednesday June 19, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Bank Audi sae (Egypt), has published its financial statements (in Arabic) as at and for the period ended March 31, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com.
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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Bank Audi SAL – Audi Saradar Group – Wednesday June 19, 2013:
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Bank Audi s.a.l. - Audi Saradar Group announces that its wholly-owned subsidiary, Odeabank A.S. (Turkey), has published its financial statements (in Turkish) as at and for the period ended March 31, 2013. A summary in English of the financial statements can be viewed at Bank Audi’s website: www.banqueaudi.com.
For additional information, you may address your e-mails to corporate.secretary@banqueaudi.com.
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De-listing of 2 maturing Eurobond issue – Tuesday June 11, 2013:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Monday June 17, 2013 the following Lebanese Republic Eurobonds Issue as they mature on 20/06/2013: - Series #39 Amount USD /250.000.000/ Interest 8.625% Maturity June 2013 Tranche 1 - Series #39 Amount USD /400.000.000/ Interest 8.625% Maturity June 2013 Tranche 2
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Bank Audi SAL – Audi Saradar Group – Friday June 07, 2013:
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Further to the decision of the Extraordinary General Assembly dated 15/04/2013 that decided to cancel the /12,500,000/ Preferred Shares Class “D” and to increase the Bank’s Capital to LBP /457,896,465,996/. The Beirut Stock Exchange decided to: 1- Take note of the Bank’s Capital increase from LBP /457,709,001,816/ to LBP /457,896,465,996/ , that is an increase of LBP /187,464,180/; thus the distribution of the Bank’s Capital becomes as follows: - Common Shares: /439,749,204/shares with a nominal value of LBP /1,299/ per share - Preferred Shares Class “E”: /1,250,000/ shares with a nominal value of LBP /1,299/ per share - Preferred Shares Class “F”: /1,500,000/ shares with a nominal value of LBP /1,299/ per share 2- De-list the /12,500,000/ Preferred Shares Class “D” from the official market of the BSE. 3- This circular will take effect when published.
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Bank Audi SAL – Audi Saradar Group – Tuesday June 04, 2013:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Friday June 21, 2013 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. Taking note of the implementation of Resolution No. 1 adopted by the Extraordinary General Meeting of Shareholders held on April 15, 2013, relating to the cancelation of the Series “D” Preferred Shares and the increase of the Bank’s share capital in order to round the nominal value of each individual share up to LBP 1,299; 2. Verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 1,500,000 Series “G” Preferred Shares and of 750,000 Series “H” Preferred Shares in accordance with Resolution No. 3 of the Extraordinary General Meeting held on April 15, 2013; and 3. The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Capital Increase.
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Solidere- Monday June 03, 2013:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Monday June 24, 2013 in Biel Downtown. If no quorum is present at the first Ordinary General Assembly the Board of Directors decided to invite shareholders to a second Ordinary General Assembly to be held at 9:30 am on Monday July 29, 2013 in Biel Downtown. If no quorum is present at the second Ordinary General Assembly the Board of Directors decided to invite shareholders to a third Ordinary General Assembly to be held at 9:30 am on Tuesday, August 20, 2013 in Biel Downtown.
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Rasamny Younis Motor Company S.A.L. – Tuesday May 28, 2013:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Friday June 28, 2013 at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan.
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Banque BEMO S.A.L. –Thursday May 23, 2013:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 9:30 am on Friday, June 7, 2013 at the Bank headquarters’ in Riad Al Solh- Assayli bldg- 7th Floor.
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BLC Bank SAL – Thursday May 16, 2013:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 11:00 a.m., on Wednesday May 22, 2013, at the Bank’s Head Office.
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Byblos Bank SAL – Tusday May 14, 2013:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on 11 May 2013 at the Bank’s Headquarters approved on the distribution of dividends for the year 2012 as follows: For Common Shareholders; LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders; - Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). - Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Such dividends will be paid on or about 17 May 2013 after deducting the 5 % withholding tax, to shareholders as at 15 May 2013 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 13 May 2013. For GDR holders: - LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax and other expenses starting 23 May 2013.
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Beirut Preferred Fund – Thursday May 09, 2013:
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Following the maturity date of Beirut Preferred Fund, the Beirut Stock Exchange decided to cease trading in the shares of the mentioned fund by the end of the trading session of Monday, May 13, 2013.
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Listing of Four Lebanese Republic Eurobond Issues –Thursday May 09, 2013:
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The Beirut Stock Exchange decided to accept the listing and trading of the following four Lebanese Republic Eurobond Issues: (i) Series # 67 (Tranche#3) with a Principal amount of USD/600,000,000/, bearing an interest rate of 6.00% and maturing in January 2023. (ii) Series # 68 (Tranche#3) with a Principal amount of USD/500,000,000/, bearing an interest rate of 6.75% and maturing in November 2027. (iii) Series # 69 with a Principal amount of USD/600,000,000/, bearing an interest rate of 4.50% and maturing in April 2016. (iv) Series # 70 with a Principal amount of USD/500,000,000/, bearing an interest rate of 5.50% and maturing in April 2019. Trading in the mentioned Eurobonds is scheduled to start on Monday May 13, 2013.
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Byblos Bank SAL – Wednesday May 8, 2013:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to announce to its shareholders that it resolved in its meeting held on 18 April 2013, to propose to the Ordinary General Assembly convened to meet on 11 May 2013 at the Bank’s Headquarters, the distribution of dividends for the year 2012 as follows: For Common Shareholders: • LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders: • Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). • Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 17 May 2013 after deducting the 5 % withholding tax, to shareholders as at 15 May 2013 (record date), according to the records of Midclear (the Central Depository). Shares will trade ex-dividend starting 13 May 2013. For GDR holders: • LBP 200 per share paid in US dollars through the depositary bank, The Bank of New York Mellon, after deducting the 5 % withholding tax and other expenses starting 23 May 2013.
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Holcim (Liban) S.A.L. – Wednesday May 8, 2013:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Tuesday June 11, 2013 at Le Royal Hotel – Dbayeh.
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Beirut Preferred Fund – Wednesday May 8, 2013:
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As per the terms of article 18 of law number 706/2005, Bank of Beirut S.A.L, being the manager of the Investment fund Beirut Preferred Fund, announces that the mentioned fund became in liquidation process according to its expiry term specified to be on May 17, 2013.
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Good Friday and Easter Holidays – May 3& 6, 2013:
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On the occasion of Easter there will be no trading at the Beirut Stock Exchange from Friday, May 03, 2013 till Monday, May 06, 2013. Trading will be resumed on Tuesday, May 07, 2013.
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Labor Day –Wednesday May 01, 2013:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Wednesday, May 01, 2013. Trading will be resumed on Thursday, May 02, 2013.
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Byblos Bank SAL –Friday April 19, 2013:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 AM on Saturday, May 11th, 2013.
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Byblos Bank SAL –Friday April 19, 2013:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:30 a.m. on Saturday, May 11th, 2013.
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Bank of Beirut S.A.L.- Thursday April 18, 2013:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 12, 2013. During this meeting, the distribution of dividends has been decided as follows: ●The Common shares dividends: LBP 716 per common share ● Preferred shares Series (D): 9.00% of issue price (9.00% x US$25.00 = US$2.2500 per share) ● Preferred shares Series (E): 8.00% of issue price (8.00% x US$25.00 = US$2.0000 per share) ● Preferred shares Series (F): 8.00% of issue price (8.00% x US$25.00 = US$2.0000 per share) ● Preferred shares Series (G): 6.75% of issue price (6.75% x US$35.00 = US$2.3625 per share) ● Preferred shares Series (H): 7.00% of issue price (7.00% x US$25.00 = US$1.7500 per share). Dividends will be paid tomorrow; Friday the 19th of April 2013 for the holders of common shares as well as for the holders of Series E, F, G & H preferred shares as at April 11, 2013 (Record date). As for series D preferred shares that was redeemed previously, the record date was December 28, 2012.
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BLOM Bank S.A.L. - Thursday April 18, 2013:
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The Board of Directors of BLOM Bank S.A.L informs the shareholders that the Ordinary General Assembly convened on April 15, 2013, at the Bank’s headquarters and approved the Board of Directors' proposal to distribute dividends for the year 2012 as follows: For Preferred Shares Holders- Series 2011: 0.70 US Dollar per share. Dividends will be paid through Midclear starting April 29, 2013, net of 5% withholding tax. For Common Shares and GDR Holders: LBP 675 per share, dividends will be paid net of the 5% withholding tax to common shares holders through Midclear starting April 30, 2013, and the equivalence of LBP 675 in US Dollars after the deduction of the 5% withholding tax for the holders of GDRs. Payment will be done through the depositor Bank of New York Mellon, starting May 7, 2013. Shares Benefiting from the Distribution: The Ordinary General Assembly of shareholders has also approved the Board of Directors' proposal that the last trading date to receive dividends will be April 24, 2013.
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Société Libanaise des Ciments Blancs sal - Monday April 15, 2013:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Wednesday May 22, 2013 at the premises of Holcim (Liban) S.A.L. in Antelias.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 10, 2013:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. – Audi Saradar Group convened on April 8, 2013 and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to re-elect the current Directors for a new 3 years mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2015). The Board of Directors is composed as follows: H.E. Mr. Raymond W. Audi; Dr. Marwan M. Ghandour; Mr. Samir N. Hanna; Sheikha Suad H. Al Homaizi; Sheikha Mariam N. Al Sabbah; Mr. Marc J. Audi; Dr. Freddie C. Baz; Dr. Imad I. Itani; Mr. Mario J. Saradar; Mr. Abdullah I. Al Hobayb; Dr. Khalil M. Bitar. The newly elected Board convened following the General Assembly and resolved, amongst other things, to: (i) re-elect: - H.E. Mr. Raymond W. Audi as Chairman of the Board – General Manager; - Dr. Marwan M. Ghandour as Vice-Chairman; (ii) confirm the re-appointment of the General Managers including the re-appointment of Mr. Samir N. Hanna (Group CEO – General Manager).
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Bank Audi SAL – Audi Saradar Group – Tuesday April 9, 2013:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 8, 2013 and resolved to (i) approve the Bank’s accounts for the year 2012 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “D” Preferred Shares: USD 0.775 per share - To Holders of Series “E” Preferred Shares: USD 6 per share - To Holders of Series “F” Preferred Shares: USD 4 per share - To Holders of Common Shares: LBP 603 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “D” Preferred Shares: USD 0.73625 per share - To Holders of Series “E” Preferred Shares: USD 5.7 per share - To Holders of Series “F” Preferred Shares: USD 3.8 per share - To Holders of Common Shares: LBP 572.85 per share. Dividends will be paid through Midclear S.A.L. starting April 10, 2013 for the holders of shares as at April 05, 2013 (Record Date), according to the records of Midclear S.A.L.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 3, 2013:
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Based on the decision of the Board of Directors of Bank Audi SAL – Audi Sardar Group held on 14/11/2012, the Beirut Stock Exchange decided to cease trading in Bank “Audi” Preferred shares Class “D” as of the end of the trading session of Thursday, April 04, 2013.
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Bank of Beirut S.A.L.- Tuesday April 2, 2013:
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The holders of Bank of Beirut Preferred shares Class (I) are invited to attend an Extraordinary General Assembly meeting to be held at 10 a.m., on Friday April 12, 2013, at the Bank's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Draft the By-Laws for the Assembly of Preferred Shares Class (I). 2- Nominate the representatives of the Assembly. 3- Other subjects.
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Bank of Beirut S.A.L.- Tuesday April 2, 2013:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 10:30 a.m., on Friday April 12, 2013, at the Bank's Head Office, Foch St, Beirut Downtown.
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Bank Audi SAL – Audi Saradar Group – Tuesday April 2, 2013:
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Bank Audi SAL – Audi Saradar Group’ s Audited Consolidated Annual Financial Statements for the year ended 31 December 2012 (including the Auditors report and accompanying notes) can be downloaded from the Company’s website at www.banqueaudi.com.
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Good Friday and Easter Holiday– March 29 & April 1, 2013:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange from Friday, March 29, 2013 till Monday April 1, 2013. Trading will be resumed on Tuesday, April 2, 2013.
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Bank Audi SAL – Audi Saradar Group – Thursday March 28, 2013:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m. on Monday April 15, 2013 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The Cancellation of the series “D” Preferred Shares and increase of the Bank’s capital in order to round the nominal value of each individual share up to LL1,299; 2. The Amendment of the Bank’s By-Laws, including, in particular articles 6 and 8, in order to reflect the foregoing; 3. The increase of the Bank’s capital through the issuance of two series of Preferred Shares (pursuant to Lebanese Law No 308/2001); 4. The listing of such newly-issued Preferred Shares on the Beirut Stock Exchange; 5. The amendment of the Bank’s By-Laws, including, in particular, articles 6 and 8 thereof, in order to reflect the actions described in items 3 and 4 above ; 6. The submission of the actions described in items 1-5 inclusive for approval by the Central Bank of Lebanon acting through its Central Council; and 7. The granting to the Chairman of the Board of Directors and to the Group Chief Executive Officer (acting severally) of the necessary powers to seek required approvals, to set deadlines and to perform all other acts and procedures in pursuit of all of the foregoing resolutions.
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Bank Audi SAL – Audi Saradar Group – Wednesday March 27, 2013:
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In its meeting held on March 21, 2013,the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share.
Subject to the General Assembly's approval, such dividends will be paid on or about April 10, 2013 to holders of common shares as at April 05, 2013 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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BLC Bank SAL – Wednesday March 27, 2013:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11 am on Friday 12/04/2013 at the Bank’s head office to discuss the following agenda: • Increase the Bank’s Capital through the issuance of Preferred Shares, to be captioned Class “C” and amend the Bank’s by-laws accordingly. • List all the Preferred Shares Class “C” on the regulated financial markets. • Entrust the Board of Directors and/or the Chairman- General Manager, by maximum authorities, to execute the decisions of the Extraordinary General Assembly.
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BLOM Bank S.A.L. - Tuesday March 26, 2013:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 11:00 AM on Monday April 15, 2013 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Feast of Annunciation – Monday March 25, 2013:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Monday, March 25, 2013.
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Bank Audi SAL – Audi Saradar Group – Friday March 22, 2013:
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The Board of Directors of Bank Audi s.a.l. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Monday April 8, 2013 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to listen to the Board and External Auditors reports concerning the Company’s activity and accounts for the year ended December 31, 2012.
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Minimum annual trading operations that should be executed by each broker- Thursday March 21, 2013:
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The Beirut Stock Exchange reminds all brokerage firms by the obligation to abide by the minimum annual trading operations that should be executed by each broker, stipulated by one per mill of the total annual trading operations of the stock exchange (article 66 – clause 3 of BSE By-Laws). The one per mill ratio is calculated using the double count method for all buy and sell transactions from the first of January till the end of December of each year as per the following formula: Buy Transactions executed by the Brokerage firm during the specified year above (in USD) + Sell Transactions executed by the Brokerage firm during the specified year above (in USD) X 1000 Total Buy Transactions executed by all the listed Brokerage firms during the specified year above (in USD) + Total Sell Transactions executed by all the listed Brokerage firms during the specified year above (in USD) Noting that the buy and sell operations include the operations executed on all listed financial instruments through the Beirut Stock Exchange's platform, including block trades transactions and the transactions on listed treasury bonds, but does not include the buy-in and sell out transactions. Legal consequences will be applied to brokerage firms that did not abide by the minimum annual trading operations starting the fiscal year that follow the year of their admitting to the stock exchange.
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Creation of a New Portal dedicated to Brokers' reports - Wednesday March 6, 2013:
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The Beirut Stock Exchange announces the creation of a new portal dedicated to Brokers' reports. The new portal is an electronic way for brokers to receive, by the end of each trading session, the daily trading activity reports and all related data needed for clearing and settling the daily trades executed at the Beirut Stock Exchange. This portal also provides information on brokers' historical trading data and summaries of trading sessions that can be viewed, downloaded or exported to other files. Only licensed brokers by the Beirut Stock Exchange are allowed to sign in and use this service. The new portal will be activated on March 22, 2013 and therefore, starting the mentioned date, the Beirut Stock Exchange will cease using other alternatives to provide brokers with their daily reports.
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A.M. Financials SAL- Lebanon ends its activity as a broker in the BSE – Thursday February 28, 2013
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As per the request of A.M. Financials SAL- Lebanon, the Beirut Stock Exchange decided to de-list the Company from its list of authorized brokers.
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De-listing of a maturing Eurobond issue – Thursday February 28, 2013:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday March 7, 2013 the Lebanese Republic Eurobonds Issue, labeled series 48, worth USD 875 million, carrying an interest rate of 9.125% and maturing on March 12, 2013.
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Listing of Seven Lebanese Republic Eurobond Issues –Thursday February 28, 2013:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of the following Lebanese Republic Eurobond issues: - Series#56 (Tranch 2) with a principal amount of USD/185,318,000/ bearing an Interest rate of 5,15% and maturing in November 2018 - Series#56 (Tranch 3) with a principal amount of USD/339,682,000/ bearing an Interest rate of 5,15% and maturing in November 2018 - Series#60 (Tranch 3) with a principal amount of USD/1,000,000,000/ bearing an Interest rate of 5,45% and maturing in November 2019 - Series#67 (Tranch 1) with a principal amount of USD/384,862,000/ bearing an Interest rate of 6,00% and maturing in January 2023 - Series#67 (Tranch 2) with a principal amount of USD/115,138,000/ bearing an Interest rate of 6,00% and maturing in January 2023 - Series#68 (Tranch 1) with a principal amount of USD/131,212,000/ bearing an Interest rate of 6,75% and maturing in November 2027 - Series#68 (Tranch 2) with a principal amount of USD/368,788,000/ bearing an Interest rate of 6,75% and maturing in November 2027 Trading in the mentioned Eurobonds is scheduled to start on Monday, March 04, 2013.
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BSE Day Off - Thursday February 14, 2013:
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There will be no trading at the Beirut Stock Exchange on Thursday, February 14, 2013 on the occasion of the eighth Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri.
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Beirut Preferred Fund – Tuesday February 5, 2013:
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The General Assembly of shareholders of Beirut Preferred Fund convened on January 29, 2013 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/07/2012 till 31/12/2012. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/07/2012 till 31/12/2012. (III) Distribute an amount of USD /3.53/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/07/2012 till 31/12/2012. (IV) Discharge the manager in respect of activities performed during the period from 01/07/2012 till 31/12/2012. (V) Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the General assembly of shareholders of the 2013 accounts.
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Bank of Beirut S.A.L.- Monday January 28, 2013:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /5,000,000/ Preferred Shares Class (I), issued by Bank of Beirut SAL in the official market of the stock exchange. Trading is scheduled to start on Thursday 31/01/2013.
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Prophet’s Birthday – Thursday January 24, 2013
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There will be no trading at the Beirut Stock Exchange on Thursday, January 24, 2013, on the occasion of the Prophet's Day.
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Beirut Preferred Fund – Friday January 18, 2013:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of the Fund to attend an Ordinary General Assembly to be held at 10:00 a.m. on Tuesday 29 January 2013 at Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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Bank Audi SAL – Audi Saradar Group – Thursday January 10, 2013:
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On 28 September 2012, Odeabank a.s. (“Odeabank”), a wholly-owned subsidiary of Bank Audi s.a.l. - Audi Saradar Group, obtained a banking license from the Turkish Banking Regulation and Supervision Agency. Odeabank commenced operations on 1 November 2012. Odeabank is a universal bank, providing a full range of banking services, including corporate banking, commercial banking, retail banking, alternative distribution channels and cash and process management, project and structured finance and investment banking, financial institutions and correspondent banking and treasury and capital markets. At the end of its first two months of operations, as at 31 December 2012*, Odeabank had: • TL 3.6 billion of assets • TL 2.5 billion of customers’ deposits •TL 1.7 billion of loans to customers • TL 0.5 billion of shareholders’ equity • 398 staff • 6 branches * Preliminary unaudited stand-alone figures for Odeabank a.s.
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Bank Audi SAL – Audi Saradar Group – Wednesday January 02, 2013:
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Pursuant to the Beirut Stock Exchange (BSE) rule that requires issuers to inform the BSE of any change to their General Management or Board of Directors, the Bank announces that Youssef Nasr has resigned as a Director, effective 21 November 2012.
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Last Trading Day at the Beirut Stock exchange for 2012
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Friday December 28, 2012 will be the last trading day at the Beirut Stock Exchange for the year 2012.
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Bank of Beirut S.A.L.- Thursday December 20, 2012:
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Subscription in Preferred Shares Class I that will be issued by Bank Of Beirut SAL
Subscription period: From Friday December 21, 2012 at 8:30 am till Monday December 24, 2012 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of Shares: Number of issued Preferred shares Class (I): /5,000,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,260/ as nominal value and the balance as issue premium. Subscription will be executed in total units with a minimum of one unit. Every unit is constituted of /100/ Preferred Shares (I), with an issue price per unit of USD /2,500/. Subscription price will be paid in cash on the subscription day. Priority right in subscription: The holders of preferred shares class “D”,”E”,”F”,”G” and “H” will have a priority right to subscribe in the preferred shares class “I”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank. Terms of preferred shares (I): Please refer to the Marketing Brochure related to these shares that is available at all branches of Bank of Beirut SAL.
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Bank of Beirut S.A.L.- Tuesday December 18, 2012:
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Further to the decision of the Board of Directors of Bank of Beirut SAL dated September 04, 2012 related to the redemption and cancellation of the /4,000,000/ preferred shares class “D” on the redemption date that has been defined to be the last business day of the fiscal year 2012. The Beirut Stock Exchange decided to de-list the above mentioned shares (BOBPD) before the opening session of Friday December 28, 2012; therefore the last trading day in these shares will be the end of the trading session of December 21, 2012.
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Bank of Beirut S.A.L.- Friday December 14, 2012:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 10h30 a.m., on Friday December 28, 2012, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Verify the completion of the increase in the Bank’s Capital from LBP /86,735,124,000/ to LBP /93,035,124,000/ through the subscription in the represented Preferred Shares. 2- Make sure that all the Capital increase transactions have been correctly executed. 3- Announce that Bank of Beirut S.A.L .Capital became LBP /93,035,124,000/. 4- Increase the bank’s capital according to the redemption of Preferred Shares Class (D) and amend some articles of the bank’s by-laws. 5- Other matters
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Bank Audi SAL – Audi Saradar Group – Friday November 30, 2012:
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The Beirut Stock Exchange decided to list, as of December 04, 2012 an additional /500,000/ GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /101,517,651/ GDRs, therefore, the total number of GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group becomes /102,017,651/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Byblos Bank SAL – Monday November 26, 2012:
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The shareholders of Byblos Bank S.A.L. are invited to attend the Extraordinary General Assembly Meeting to be held at the Bank’s Headquarters in Ashrafieh, Elias Sarkis Avenue, on Wednesday, 12 December 2012, at 11:00 AM, in order to deliberate and decide on the matters listed on the below agenda: First - To approve a Subordinated Loan up to USD 300 million backed by bonds convertible into shares and/or GDRs. Second - To approve the increase of Byblos Bank S.A.L. capital in many stages, the subscription of which is limited to the holders of notes backing the Subordinated Loan, and determine the increase conditions. Third - Miscellaneous.
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Independence Day – Thursday November 22, 2012:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Thursday, November 22, 2012. Trading will be resumed on Friday, November 23, 2011.
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Holcim (Liban) S.A.L. – Wednesday November 07, 2012:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday December 12, 2012 at Le Royal Hotel – Dbayeh.
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Bank of Beirut S.A.L.- Wednesday October 31, 2012:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Monday November 19, 2012, at the company's Head Office, Foch St, Beirut Downtown to discuss the following agenda: - Increase the Capital of Bank of Beirut S.A.L. by issuing new Preferred Shares in accordance with Law 308/2001. - Amend some articles of the By-Laws of the Bank according to the Capital increase. - Other subjects.
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Eid Al Adha – October 26 and 27, 2012 :
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on Friday, October 26, 2012. Trading will resume on Monday, October 29, 2012.
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Beirut Stock Exchange –Thursday October 25, 2012:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2012 and any other overdue fees before 28/12/2012. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: (I) At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. (II) Or by calling the BSE administration at phone No. 01-993555, before 14/12/2012 to send one of its representatives to collect the check, against an official receipt.
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Bank Audi SAL – Audi Saradar Group – Wednesday October 24, 2012:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing, on the official market of the stock exchange, of the /309,260/ additional common shares issued by Bank Audi SAL – Audi Saradar Group that have been fully subscribed to and paid up by the beneficiaries of stock options who have exercised their rights. Trading in the mentioned shares is scheduled to start on Monday, October 29, 2012.
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Bank Audi SAL – Audi Saradar Group – Tuesday October 16, 2012:
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The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group verified the implementation of the increase of the Bank’s share Capital by an amount of LBP 387,812,040 through the issuance of 309,260 Common Shares fully subscribed to and paid up by the beneficiaries of Stock options who have exercised their option rights. Therefore, the Extraordinary General Meeting declared that the capital of Bank Audi s.a.l. – Audi Saradar Group is now LBP 457,709,001,816 fully paid up and divided into 364,999,204 nominal shares having a nominal value of LBP 1,254 each;
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Bank of Beirut S.A.L.- Friday September 28, 2012:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares (Class D) that the Board of Directors decided in its meeting held on 04/09/2012 to redeem and cancel the Class D Preferred shares, according to the provisions that govern these shares as defined by the Extraordinary General Assembly of shareholders of Bank Of Beirut SAL. Redemption date is set to be on 28/12/2012 which is the last working day of the fifth financial year after the completion of the operation. Based on the above, the last trading day in these shares in the Beirut stock Exchange will be Friday, 21/12/2012.
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Bank Audi SAL – Audi Saradar Group – Friday September 28, 2012:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday October 15, 2012, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: Verification of the completion of the procedures for the increase in the Bank’s capital in accordance with Resolution No. 3 adopted by the Extraordinary General Meeting of Shareholders held on June 22, 2012.
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De-listing of a maturing Eurobond issue –Thursday August 30, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday, September 4, 2012 the Lebanese Republic Eurobond Issue (series 31, tranches 1& 2) worth USD 600 million carrying an interest rate of 7.75% and maturing on September 7, 2012.
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Eid Al Fitr: August 19 & 20, 2012
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange on Monday, August 20, 2012.
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Assumption of the Virgin Mary - Wednesday August 15, 2012:
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On the occasion of the Assumption of the Virgin Mary, there will be no trading at the Beirut Stock Exchange on Wednesday, August 15, 2012.
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Beirut Preferred Fund – Friday August 03, 2012:
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The General Assembly of shareholders of Beirut Preferred Fund convened on July 26, 2012 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/01/2012 till 30/06/2012. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/01/2012 till 30/06/2012. (III) Distribute an amount of USD /3.50/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/01/2012 till 30/06/2012. (IV) Discharge the manager in respect of activities performed during the period from 01/01/2012 till 30/06/2012.
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Solidere- Friday August 03, 2012:
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The Ordinary General Assembly of shareholders of Solidere SAL convened on Monday, July 30, 2012 in the presence and representation of around 40% of the share capital of the company and approved the financial statements for the year 2011 that showed total profits of around USD 162 million. The Ordinary General Assembly also approved the distribution of USD 0.25 per share in addition to one free share for every 50 shares held. Distribution will take effect starting October 15, 2012 for the holders of shares as at August 14, 2012. Likewise, the Ordinary General Assembly approved the report related to Articles 158 & 159 of the Code of Commerce and discharged the chairman and members of the Board in respect of activities performed during the previous year. The Assembly elected: Nasser Chammaa, Mounir Doueidy, Maher Beydoun, Basile Yared, Joseph Asseily, Raphael Sabbagha, Oussama Kabbani, Makram Abboud, Fadi Al Boustany, Raja Salameh and Maher Daouk to the Board of Directors. After that, members of the Board held a meeting and reelected Dr. Nasser Chamaa Chairman - General Manager, Mr. Maher Beydoun and Fadi Al Boustany as vice presidents Mr.Raphael Sabbagha general secretary and Mr. Mounir Doueidy General Manager.
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Bank Audi SAL – Audi Saradar Group – Friday July 27, 2012:
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The Beirut Stock Exchange decided to list, as of August 01, 2012 an additional /1,436,221/ GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /100,081,430/ GDRs, therefore, the total number of listed GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group becomes /101,517,651/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Rasamny Younis Motor Company S.A.L. – Friday July 20, 2012:
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Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders, that the Annual General Assembly held a meeting on July 05, 2012 and decided to distribute dividend of LBP 150 per share, subject to 5% distribution tax, for all categories “A”, “B” & “C”. Payment will start on Monday July 30, 2012 as follows: (I) n the company’s head office for shareholders carrying categories “A” & “C” shares. (II) Through Midclear S.A.L. for shareholders carrying category “B” shares.
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Acceptance of “Cedrus Invest Bank SAL” as a broker – Friday July 20, 2012:
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The Beirut Stock Exchange decided to accept, as of Wednesday July 25, 2012, “Cedrus Invest Bank SAL” as a broker.
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Rasamny Younis Motor Company S.A.L. – Monday July 16, 2012:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 05/07/2012 and decided to: (I) Approve the financial statements for the year 2011. (II) Declare a dividend distribution of LBP 150 per share (subject to distribution tax). (III) Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2011. (IV) Elect Mr. Ziad AL Rayyes to the Board of Directors for the remaining period of the Board. (V) Give the Board members the authorizations stipulated in Articles 158 & 159 of the Code of Commerce for the fiscal year 2012. (VI) Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2012 until the Ordinary General Assembly will approve the accounts of this year. (VII) Specify yearly allocations for the Chairman and for every member of the Board of Directors. (VIII) Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2012.
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Beirut Preferred Fund –Monday July 16, 2012:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of the Fund to attend an Ordinary General Assembly to be held at 11:00 a.m. on Thursday 26 July 2012 at Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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De-listing of a maturing Eurobond issue – Thursday July 12, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday July 17, 2012 the Lebanese Republic Eurobonds Issue, labeled series 47, worth USD 200 million, carrying an interest rate of 3.75% and maturing on July 20, 2012.
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Bank Audi SAL – Audi Saradar Group –Friday July 06, 2012:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Series F Preferred Shares, issued by virtue of EGM held on April 10, 2012 to attend a meeting to be held at 10:30 a.m. on Monday July 23, 2012 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District. The agenda is as follows: (I) Approve the By-laws of the Association of Holders of Series F Preferred Shares. (II) Appoint the representative of the Association. (III) Empower one person or more to execute on behalf of the Holders of Series F Preferred Shares all formalities in connection with any exercise by the Bank of its option to redeem and cancel the Series F Preferred Shares, in due course and to the extent needed. (IV) Other matters.
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Bank Audi SAL – Audi Saradar Group –Tuesday July 03, 2012:
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The Beirut Stock Exchange Committee decided to accept the listing, trading and pricing of the /1,500,000/ Preferred Shares Class (F), issued by Bank Audi S.A.L. - Audi Saradar Group in the official market of the Stock Exchange.
Trading with the Preferred Shares Class (F) is scheduled to start on Friday 06/07/2012.
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Solidere- Friday June 29, 2012:
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As the Ordinary General Assembly was invited to meet for the first time on June 28, 2012 but the majority wasn’t reached, a second meeting was decided to be held at 9:30 am on July 30, 2012 in Biel Downtown.
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Bank Audi SAL – Audi Saradar Group –Thursday June 28, 2012:
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Further to their joint announcement on May 15, 2012, Bank Audi sal - Audi Saradar Group and Saham Finances sa jointly announce that they completed the sale by Bank Audi and certain individual sellers of 81% of the share capital of LIA insurance sal on June 27, 2012, within the expected timeframe after receipt of the required regulatory approvals. The parties have agreed to maintain and develop the existing cooperation between Bank Audi sal - Audi Saradar Group and LIA insurance sal in the field of bancassurance in Lebanon. Saham Finances sa, which intends to use Lebanon as its main hub to support its expansion strategy in the Middle East, will rely on the skills of the Management team of LIA insurance sal which will remain in place
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Société Libanaise des Ciments Blancs sal - Monday June 25, 2012:
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In implementation of the resolution of the Ordinary General Assembly held on 29/05/2012 related to the distribution of the 2011 dividends in exchange of coupon Nb.7 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /350/ per share (net of distribution tax), will be paid starting Monday July 2, 2012 as follows: o Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. o Other shareholders can receive their dividends when presenting coupon Nb.7 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), from July 2, 2012 till December 20, 2012. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: Shares will be traded with coupon Nb. 7 till the end of the trading session of Tuesday June 26, 2012 (included). Starting the trading session of Wednesday June 27, 2012, shares will be traded without coupon Nb.7. II – Nominal Shares: Shares will be traded with the above stated dividends till the end of the trading session of Tuesday June 26, 2012. Starting the trading session of June 27, 2012, (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim (Liban) S.A.L. – Monday June 25, 2012:
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In implementation of the resolution of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on May 15, 2012 related to the distribution of the 2011 dividends in exchange of the coupon Nb.6 from the shares issued on 14/05/2007, the company announces that the dividends set at LBP /1,940/ per share (net of distribution tax) will be paid starting Monday July 2, 2012 as follows: o Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. o Other shareholders can receive their dividends when presenting coupon Nb.6 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Akkawi-Beirut or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from July 2, 2012 till December 20, 2012. By the end of the mentioned period, dividend payment will be executed at the company’s Head Office in Hery. Therefore the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows: Till the end of the trading session of Tuesday 26/06/2012 (included): Trading the shares with Coupon Nb. 6 that means with the dividends related to the share decided by the Ordinary General Assembly dated 15/05/2012. Starting the trading session of Wednesday 27/06/2012: Trading the shares without Coupon Nb. 6 that means without the dividends related to the share decided by the Ordinary General Assembly dated 15/05/2012.
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Listing of Three Lebanese Republic Eurobond Issues –Monday June 18, 2012:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of three Lebanese Republic Eurobond Issues: The first one, labeled Series #64 worth USD/500,000,000/, bearing an interest rate of 4,10% and maturing in June 2015. The Second, labeled Series #65 worth USD/700,000,000/ bearing an interest rate of 5,15% and maturing in June 2018. The third, labeled Series #66 worth USD/800,000,000/ bearing an interest rate of 6,25% and maturing in June 2025. Trading in the mentioned Eurobonds is scheduled to start on Thursday, June 21, 2012.
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Banque BEMO S.A.L. –Friday June 08, 2012:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on May 29, 2012 and decided to: Approve the Board of directors’ report, the auditors’ report for the fiscal year 2011 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2011. Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2011 amounting LBP /2,412,000/ Thousand; (USD 1,600,000). Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2011. Give the authorizations stipulated in Articles 152 of the Law of cash and credit. Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. Fix the attendance fees of the members of the Board of Directors for the year 2012. Fix the fees of the Auditors Deloitte and Touche for the year 2011 and the fees of Fiduciaire du Moyen Orient (FMO) for the mentioned year.
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Rasamny Younis Motor Company S.A.L. – Thursday June 07, 2012:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Thursday July 05, 2012, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan
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Solidere- Wednesday June 06, 2012:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Thursday June 28, 2012 in Biel Downtown.
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Bank Audi SAL – Audi Saradar Group –Tuessday June 05, 2012:
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The Board of Directors of Bank Audi s.a.l. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 11:00 a.m, on Friday June 22, 2012 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: Further to the decision of the Extraordinary General Meeting of April 10, 2012, verification of the completion of the procedures for the increase in the Bank’s capital through the issuance of 1,500,000 Series “F” Preferred Shares, and of the subscription for, and full payment of, such Series “F” Preferred Shares; The discharge of the Chairman and members of the Board of Directors in respect of activities related to the Preferred Share Capital Increase; The increase of the Bank’s share capital through the issuance of up to 356,610 Common Shares reserved to the owners of Stock Options who have exercised their Stock Options in 2012 and the determination of the issuance terms for such Common Shares; The listing of such newly-issued Common Shares on the Beirut Stock Exchange; The amendment of the Bank’s By-Laws, in particular, Article 6 and Article 8 thereof, in order to reflect the actions described in items 3 and 4 above; The submission of the actions described in items 3, 4 and 5 above for approval by the Central Bank of Lebanon, acting through its Central Council; The granting of the necessary powers for the implementation of the actions approved by the Extraordinary General Meeting; The granting of two loans to a related party in accordance with article 152 of the Code of Money and Credit; and The approval of the acquisition of shares from a subsidiary.
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Resistance and Liberation Day- Friday May 25, 2012:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Friday, May 25, 2012. Trading will be resumed on Monday May 28, 2012.
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Bank Audi SAL – Audi Saradar Group –Thursday May 17, 2012:
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Subscription in preferred shares class "F" that will be issued by Bank Audi SAL – Audi Saradar Group:
Subscription period: From May 18, 2012 till May 23, 20112. Number of Preferred shares Class "F": /1,500,000/ shares. Place of Subscription: Head Office of the Bank located in Bank Audi Plaza, Bab Idriss, Beirut Central District. Price of Subscription: USD /100/ per share divided into: LBP/1,254/ as nominal value and the balance as issue premium. Priority right in subscription: The holders of preferred shares class D and E will have a priority right to subscribe in the preferred shares class “F”.
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Bank Audi SAL – Audi Saradar Group –Tuesday May 15, 2012:
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Bank Audi SAL – Audi Saradar Group and Saham Finances S.A., a subsidiary of Saham S.A., jointly announce that they have entered into a share purchase agreement for the sale by Bank Audi and certain individual sellers of 81% of the share capital of LIA Insurance SAL. Completion of the sale is subject to obtaining the required regulatory approvals, and is expected to take place by end of June 2012. The parties have also agreed to enter into co-operation agreements for the conduct of future insurance business in Lebanon. Lebanon will serve as Saham Finances S.A.’s hub for its development in the Middle East. Saham Finances S.A. owns insurance and reinsurance companies which are present in 15 African countries.
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Banque BEMO S.A.L. – Friday May 11, 2012:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 10:00 am on Tuesday, May 29, 2012 in Achrafieh, Elias Sarkis Avenue, Bemo bldg.
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Labor Day – Tuesday May 01, 2012:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Tuesday May 01, 2012. Trading will be resumed on Wednesday, May 02, 2012.
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Bank of Beirut S.A.L.- Tuesday April 24, 2012:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 12, 2012 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2011. The Ordinary General Assembly declared dividends distribution (Before distribution tax 5%) as follows: ● To Holders of Preferred shares (D): USD 2.25 per share ● To Holders of Preferred shares (E): USD 2.00 per share ● To Holders of Preferred shares (F): USD 2.00 per share ● To Holders of Preferred shares (G): USD 2.3625 per share ● To Holders of Preferred shares (H): USD 0.455 per share ● To Holders of Common shares: LBP 650 per share The Ordinary General Assembly also decided to discharge the chairman and members of the Board of Directors in respect of activities performed during the year ended December 31, 2011, and gave them the authorizations stipulated in articles 158 & 159 in the Lebanese Commercial Code and the authorization stipulated in Article 152 of the Cash and credit Code.
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BLOM Bank S.A.L. - Tuesday April 24, 2012:
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The Board of Directors of BLOM Bank S.A.L informs the shareholders that the Ordinary General Assembly convened on April 19, 2012, at the Bank’s headquarters and approved the Board of Directors' proposal to distribute dividends for the year 2011 as follows: For Preferred Shares Holders- Series 2011: 0.70 US Dollar per share. Dividends will be paid through Midclear starting April 26, 2012, net of 5% withholding tax. For Common Shares and GDR Holders: LBP 675 per share, dividends will be paid net of the 5% withholding tax to common shares holders through Midclear starting April 27, 2012, and the equivalence of LBP 675 in US Dollars after the deduction of the 5% withholding tax for the holders of GDRs. Payment will be done through the depositor Bank of New York Mellon, starting May 4, 2012. Shares Benefiting from the Distribution: The Ordinary General Assembly of shareholders has also approved the Board of Directors' proposal that the last trading date to receive dividends should be April 23, 2012.
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BLOM Bank S.A.L. - Tuesday April 24, 2012:
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BLOM Bank SAL invites the holders of Preferred Shares Class 2011 to attend an Ordinary General Assembly meeting to be held at 12:00 pm on Monday, May 14, 2012 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St. Blom Bank SAL bldg.
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Société Libanaise des Ciments Blancs sal - Monday April 23, 2012:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday May 29, 2012 at the premises of Holcim (Liban) S.A.L. in Antelias.
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Acceptance of “Mena Invest SAL” as a broker – Monday April 23, 2012:
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The Beirut Stock Exchange decided to accept “Mena Invest SAL” as a broker in the BSE. The company will start its trading operations on Monday April 30, 2012.
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Bank Audi SAL – Audi Saradar Group – Friday April 20, 2012:
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The Extraordinary General Assembly of shareholders of Bank Audi sal – Audi Saradar Group resolves to increase the Bank’s Capital from LBP/455,440,189,776/ to LBP/457,321,189,776/ through the issuance of 1,500,000 new nominal preferred shares to be captioned Series “F” having a nominal value of LBP1,254 each and to be listed on the Beirut Stock Exchange. The entry into effect of the foregoing resolutions is subject to the approval of the Central Bank of Lebanon.
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Listing of Two Lebanese Republic Eurobond Issues –Thursday April 19, 2012:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond issues: The First one, Series Nb. 61 (Tranche#3), worth USD/350,000,000/, bearing an interest rate of 6.60% and maturing in November 2026. While the second, Series Nb. 63, worth USD/660,000,000/, bearing an interest rate of 5.00% and maturing in October 2017. Trading in the mentioned Eurobonds is scheduled to start on Monday April 23, 2012.
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Byblos Bank SAL – Tuesday April 17, 2012:
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The Ordinary General Assembly of Byblos Bank S.A.L. held on April 10, 2012 at the Bank’s Head Office approved on the distribution of dividends for the year 2011 as follows: For Common Shareholders; LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders: (i) Class 2008; USD 8 per share (USD 7.6 Net of 5 % withholding tax). (ii) Class 2009; USD 8 per share (USD 7.6 Net of 5 % withholding tax). Such dividends will be paid on or about 18 April 2012 after deducting the 5 % withholding tax, to shareholders as at 17 April 2012 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 11 April 2012. For GDR holders: LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax and other expenses starting 25 April 2012.
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BLC Bank SAL - Thursday April 12, 2012:
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The Extraordinary General Assembly of the holders of preferred shares class B of BLC Bank SAL convened on 21/03/2012 and resolved to adopt its By-Laws. In addition, the Extraordinary General Assembly designated Mr. Hafez Abi-Chaker as the Assembly’s representative.
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BLC Bank SAL - Thursday April 12, 2012:
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The Ordinary General Assembly of shareholders of BLC Bank SAL convened on 21/03/2012 and approved the reports of the board of directors, the Auditors' report and the financial statements of the Bank for the year 2011. The Assembly declared a dividend distribution of LBP /175/ per share and discharged the chairman and the Board members in respect of activities performed during the fiscal year 2011. The Assembly also gave the authorizations stipulated in Articles 158 & 159 of the Lebanese Code of Commerce and Article 152 of the Cash and Credit Law. Finally the President announced that the new text of the By-Laws will be adopted after the amendments that have been approved by previous General assemblies have been included.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 11, 2012:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 10, 2012 and resolved, pursuant to the resignation of Dr. Georges A. Gedeon Achi from the Board of Directors, to elect Mr. Youssef A. Nasr as a new member of the Board for the remainder of its current mandate (that will end upon holding the Annual General Assembly that will examine the accounts of the year 2012).
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Bank Audi SAL – Audi Saradar Group – Wednesday April 11, 2012:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 10, 2012 and resolved to (i) approve the Bank’s accounts for the year 2011 and (ii) declare a gross distribution of dividends as follows: To Holders of Series “D” Preferred Shares: USD 0.775 per share. To Holders of Series “E” Preferred Shares: USD 6 per share. To Holders of Common Shares: LBP 603 per share. As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: To Holders of Series “D” Preferred Shares: USD 0.73625 per share. To Holders of Series “E” Preferred Shares: USD 5.7 per share. To Holders of Common Shares: LBP 572.85 per share. Dividends will be paid through Midclear S.A.L. starting April 12, 2012 for the holders of shares as at April 05, 2012 (Record Date), according to the records of Midclear S.A.L.
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Good Friday and Easter Holidays – April 6, 9, 13 & 16:
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On the occasion of Good Friday and Easter there will be no trading at the Beirut Stock Exchange on the following days: April 6, 9, 13 & 16, 2012.
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Byblos Bank SAL – Thursday April 5, 2012:
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The Board of Directors of Byblos Bank S.A.L. held on 16 March 2012 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on April 10, 2012 at the Bank’s Head Office, the distribution of dividends for the year 2011 as follows: For Common Shareholders LBP 200 per share (LBP 190 Net of 5 % withholding tax). For Preferred Shareholders: Class 2008, USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax). Subject to the General Assembly’s approval, such dividends will be paid on or about 18 April 2012 after deducting the 5 % withholding tax, to shareholders as at 17 April 2012 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 11 April 2012. For GDR holders: LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellon after deducting the 5 % withholding tax and other expenses starting 25 April 2012.
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Bank Audi SAL – Audi Saradar Group – Wednesday April 4, 2012:
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Bank Audi SAL – Audi Saradar Group’ s Audited Consolidated Annual Financial Statements for the year ended 31 December 2011 (including the Auditors report and accompanying notes) can be downloaded from the Company’s website at www.banqueaudi.com.
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De-listing of a maturing Eurobond issue – Friday March 30, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday, April 5, 2012 the Lebanese Republic Eurobond Issue (series 43, tranches 1, 2 &3) worth EUR 535.639.000 carrying an interest rate of 5.875% and maturing on April 12, 2012.
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Bank of Beirut S.A.L.- Wednesday March 28, 2012:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly Meeting to be held at 3 p.m., on Thursday April 12, 2012, at the company's Head Office, Foch St, Beirut Downtown.
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Byblos Bank SAL – Friday March 23, 2012:
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The Board of Directors of Byblos Bank S.A.L. held on 16 March 2012, has the pleasure to announce to the holders of its common shares that it resolved to propose to the Ordinary General Assembly convened to meet on 10 April 2012 at the Bank’s Headquarters, the distribution of dividends for the year 2011 as of LBP 200 per share (LBP 190 Net of 5 % withholding tax).
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Bank Audi SAL – Audi Saradar Group –Friday March 23, 2012:
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The Board of Directors of Bank Audi S.A.L. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 12:00 noon, on Tuesday April 10, 2012, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: (1) - The increase of the Bank’s capital through the issuance of a number of Preferred Shares (pursuant to Lebanese Law No 308/2001) and the determination of their amount, terms and conditions; (2) - The listing of such newly-issued Preferred Shares on the Beirut Stock Exchange; (3) - The amendment of the Bank’s By-Laws, including, in particular, Article 6 and Article 8 thereof, in order to reflect the actions described in items 1 and 2 above; (4) - The submission of the actions described in items 1-3 inclusive for approval by the Central Bank of Lebanon, acting through its Central Council; and (5) - The granting of the Chairman of the necessary powers to seek required approvals, to set deadlines and to perform all other procedures and acts in pursuit of all the foregoing resolutions.
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Bank Audi SAL – Audi Saradar Group – Friday March 23, 2012:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Ordinary Shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m., on Tuesday April 10, 2012, at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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BLOM Bank S.A.L. - Thursday March 22, 2012:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 11:00 AM on Thursday April 19, 2012 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Bank Audi SAL – Audi Saradar Group –Thursday March 22, 2012:
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In its meeting held on March 15, 2012,the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 12, 2012 to holders of common shares as at April 05, 2012 (Record Date), according to the records of Midclear S.A.L (The Central Depository).
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Holcim (Liban) S.A.L. – Tuesday March 20, 2012:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Tuesday, May 15, 2012 at Le Royal Hotel – Dbayeh.
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Byblos Bank SAL – Monday March 19, 2012:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the Annual Ordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 11:00 AM on Tuesday, April 10, 2012.
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Byblos Bank SAL – Monday March 19, 2012:
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The shareholders of Byblos Bank S.A.L. are invited to attend the Annual Ordinary General Assembly to be held at Byblos Bank Headquarters in Ashrafieh, Elias Sarkis Avenue, at 12:00 noon on Tuesday, April 10, 2012.
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De-listing of a maturing Eurobonds Issue – Tuesday March 13, 2012:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Wednesday, March 14, 2012 the Lebanese Republic Eurobonds Issue (series 51, tranches 1 and 2) worth USD 600 million, carrying an interest rate of 7.50% and maturing on March 19, 2012.
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BLC Bank SAL - Friday March 2, 2012:
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The Board of Directors of BLC Bank S.A.L. invites the holders of Preferred shares Class “B” to attend an Extraordinary General Assembly Meeting to be held at 11:00 am on Wednesday 21/03/2012 at the Bank’s Head Office in Beirut, facing Palace of Justice, BLC Bank S.A.L. bldg, to discuss the following agenda: (i) Draft the By-Laws of the Assembly of owners of Preferred shares Class “B". (ii) Assign a representative for the assembly. (iii) Other subjects.
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BLC Bank SAL - Friday March 2, 2012:
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The Board of Directors of BLC Bank S.A.L. invites all shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Wednesday March 21, 2012, at the Bank’s Head Office.
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BSE Day Off - Tuesday February 14, 2012:
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There will be no trading at the Beirut Stock Exchange on Tuesday, February 14, 2012 on the occasion of the seventh Memorial Day of the assassination of H.E. former Prime Minister Mr. Rafic Hariri.
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St. Maroun's Day - Thursday February 09, 2012:
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On the Occasion of St. Maroun's Day, there will be no trading on the Beirut Stock Exchange on February 09, 2012.
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Beirut Preferred Fund –Tuesday February 07, 2012:
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The General Assembly of shareholders of Beirut Preferred Fund convened on January 26, 2012 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/07/2011 till 31/12/2011. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/07/2011 till 31/12/2011. (III) Distribute an amount of USD /3.60/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/07/2011 till 31/12/2011. (IV) Discharge the manager in respect of activities performed during the period from 01/07/2011 till 31/12/2011. (V) Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the General assembly of shareholders of the 2012 accounts.
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BLC Bank SAL - Wednesday January 25, 2012:
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The Beirut Stock Exchange Committee decided to accept, as of Friday, January 27, 2012 the listing, trading and pricing of the 400,000 preferred shares class "A" and the 550,000 preferred shares class "B" issued by BLC Bank SAL on the official market of the stock exchange.
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Beirut Preferred Fund –Monday January 16, 2012:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of the Fund to attend an Ordinary General Assembly to be held at 10:00 a.m. on Thursday, January 26, 2012 at Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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Last Trading Day at the Beirut Stock exchange for 2011- Friday December 30, 2011:
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Friday December 30, 2011 will be the last trading day at the Beirut Stock Exchange during the year 2011.
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BLC Bank SAL - Wednesday December 28, 2011:
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The Board of Directors of BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 11 am on Thursday 29/12/2011 at the Bank’s head office to discuss the following agenda: 1- Validate the full subscription in the Preferred Shares Class B, which represents the Bank’s Capital increase. 2- Validate the full payment of the value of each Preferred Shares Class B subscribed to. 3- Adopt the Amended text in the By-Laws text after validating the Execution of the Capital Increase. 4- Other subjects
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Bank Audi SAL – Audi Saradar Group – Wednesday December 28, 2011:
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The Beirut Stock Exchange decided to list, as of December 30, 2011 an additional /500,000/ GDRs related to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /99,581,430/ GDRs, therefore, the total number of GDRs related to the shares of Bank Audi SAL – Audi Saradar Group becomes /100,081,430/.
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Christmas and New Year Holidays- Monday December 26, 2011 & Monday January 02, 2012:
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On the occasion of Christmas and New Year, there will be no trading at the Beirut Stock Exchange on Monday, December 26, 2011 and on Monday, January 02, 2012. Likewise, there will be no trading at the Beirut Stock Exchange on Friday, January 06, 2012 on the occasion of the Armenian Christmas Day. Wish you all the best for the coming New Year.
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S&P/AFE 40 Index - Monday December 12, 2011:
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The Beirut Stock Exchange participated in the Annual Conference of the Arab Federation of Exchanges which took place in Abu Dhabi on December 4 & 5, 2011, and on the side line of the conference, the Arab Federation of Exchanges, in cooperation with Standard & Poor’s International, has launched the S&P/AFE 40 Index, which is designed to measure the performance of 40 leading companies from the Pan-Arab region. It should be noted that Lebanon was represented in the mentioned index by two listed companies.
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Achoura - Tuesday December 6, 2011:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Tuesday, December 6, 2011. Trading will be resumed on Wednesday, December 7, 2011.
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Listing of Six Lebanese Republic Eurobond Issues –Thursday December 01, 2011:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of the following Lebanese Republic Eurobond Issues: (i) Series#60 (Tranche#1) Principal Amount USD/433,183,000/ Interest Basis 5.45% Maturity Date November 28, 2019; Series#60 (Tranche#2) Principal Amount USD/66,817,000/ Interest Basis 5.45% Maturity Date November 28, 2019. (ii) Series # 61 (Tranche#1) Principal Amount USD/235,537,000/ Interest Basis 6.60% Maturity Date November 27, 2026; Series#61 (Tranche#2) Principal Amount USD/139,463,000/ Interest Basis 6.60% Maturity Date November 27, 2026. (iii) Series#62 (Tranche#1) Principal Amount EUR/420,942,000/ Interest Basis 5.35% Maturity Date November 28, 2018; Series#62 (Tranche#2) Principal Amount EUR/24,058,000/ Interest Basis 5.35% Maturity Date November 28, 2018. Trading in the mentioned Eurobonds is scheduled to start on Monday December 5, 2011.
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Independence Day – Tuesday November 22, 2011:
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Tuesday, November 22, 2011. Trading will be resumed on Wednesday, November 23, 2011.
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Beirut Stock Exchange –Monday November 14, 2011:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2011 and any other overdue fees before 29/12/2011. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either at the Head Office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours, or by calling the BSE administration at phone No. 01-993555, before 15/12/2011 to send one of its representatives to collect the check, against an official receipt.
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Eid Al Adha - November 7 and 8, 2011 :
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On the occasion of Eid Al Adha, the Beirut Stock Exchange will close down from Monday, November 7, 2011 till Tuesday November 8, 2011 and resume trading on Wednesday, November 9, 2011.
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Bank Audi SAL – Audi Saradar Group –Friday November 04, 2011:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /962,830/ common shares issued by Bank Audi sal – Audi Saradar Group, that have been fully subscribed to an paid up by the beneficiaries of stock options who have exercised their rights, on the official market of the stock exchange. Trading in the mentioned shares is scheduled to start on Friday, November 11, 2011.
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Bank Audi SAL – Audi Saradar Group – Monday October 31, 2011:
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Bank Audi sal - Audi Saradar Group has announced on 28 October 2011 that it has been granted permission to establish a deposit bank in Turkey with a starting share capital equivalent to USD 300 million. The permission was granted by the Board of the Banking Regulation and Supervision Agency of Turkey on October 27, 2011 and promulgated in the Turkish official gazette (number 28098) on 28 October 2011.
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BLC Bank SAL - Monday October 31, 2011:
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The Board of Directors of BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 5 pm on Friday November 04, 2011 at the Bank’s head office in Beirut – facing Palace of Justice to discuss the following agenda: (I) Increase the Bank’s Capital through the issuance of Preferred Shares, to be captioned Class "B" and amend the Bank’s by-laws accordingly. (II) List the /400,000/ Preferred Shares Class “A”, as well as, the Preferred Shares Class “B” that will be issued on the regulated financial markets. (III) Entrust the Board of Directors and/or the Chairman- General Manager, by maximum authorities, to execute the decisions of the Extraordinary General Assembly. (IV) Other subjects
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Bank of Beirut S.A.L.- Tuesday October 25, 2011:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /5,400,000/ Preferred Shares Class (H), issued by Bank of Beirut SAL in the official market of the stock exchange. Trading in the mentioned preferred shares is scheduled to start on Wednesday 26/10/2011.
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Bank Audi SAL – Audi Saradar Group – Tuesday October 25, 2011:
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The Extraordinary General Meeting of shareholders of Bank Audi s.a.l. - Audi Saradar Group, having reviewed all submitted documents, declares that it has verified the implementation of the increase of the Bank’s share Capital by an amount of L.L. 1,207,388,820 through the issuance of 962,830 Common Shares fully subscribed to and paid up by the beneficiaries of Stock options who have exercised their option rights. Pursuant thereto, the Extraordinary General Meeting of Shareholders of Bank Audi s.a.l. - Audi Saradar Group resolves to: (I) Confirm the adequate completion of all formalities relating to the increase of Capital of Bank Audi SAL - Audi Saradar Group from L.L. 454,232,800,956 to L.L.455,440,189,776, i.e. by an amount of L.L. 1,207,388,820; (II) Declare that the capital of Bank Audi s.a.l. – Audi Saradar Group is now L.L. 455,440,189,776 fully paid up and divided into 363,189,944 nominal shares (1) having a nominal value of L.L. 1,254 each; (III) Declare, pursuant to the above, that the modification of articles 6 and 8 of the by-laws of Bank Audi s.a.l. – Audi Saradar Group, as per the third resolution of the Extraordinary General Meeting of Shareholders held on July 25, 2011, is now effective. (1) Including Common Shares and preferred shares
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Bank Audi SAL – Audi Saradar Group – Wednesday October 12, 2011:
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The Beirut Stock Exchange decided to list, as of October 14, 2011 an additional /1,000,000/ GDRs related to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /98,581,430/ GDRs, therefore, the total number of GDRs related to the shares of Bank Audi SAL – Audi Saradar Group becomes /99,581,430/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Rasamny Younis Motor Company S.A.L. – Tuesday October 11, 2011:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L convened on 08/08/2011 and decided to: (I) Approve the financial statements for the year 2010 and transfer all the profits to the Free Reserve. (II) Discharge the chairman and the Board members from any liability in respect of activities performed during the fiscal year 2010. (III) Renew the authorization to deal with the Board members or shareholders or affiliated parties for the fiscal year 2011. (IV) Elect Mr. Ziad Fouad Rasamny to the Board of Directors to replace the resigned member Mr.Ramzi Rasamni for the remaining period of the Board. (V) Give the Board members the authorizations stipulated in Articles 159 of the Code of Commerce for the fiscal year 2011. (VI) Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2011 until the Ordinary General Assembly will approve the accounts of the mentioned year. (VII) Specify yearly allocations for the Chairman and for every member of the Board of Directors. (IIX) Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2011.
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Bank Audi SAL – Audi Saradar Group – Friday October 07, 2011:
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The Board of Directors of Bank Audi S.A.L. – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday October 24, 2011, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: I - Verification of the completion of the procedures for the increase in the Bank’s capital through the exercise of Stock Options in accordance with Resolution No. 1 adopted by the Extraordinary General Meeting of Shareholders held on July 25, 2011.
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BLOM Bank S.A.L. - Friday September 23, 2011:
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Due to an insufficient quorum of attendance during the first meeting, the Board of Directors of BLOM Bank SAL invites the holders of Preferred Shares Class 2011 to attend an Extraordinary General Assembly meeting to be held at 12:00 on Thursday, October 20, 2011 at the Bank's Head Office, Beirut, Verdun, President Rashid Karameh St. Blom Bank SAL bldg. to examine the following agenda: 1- Draw up the By-Laws of the Assembly of holders of Preferred Shares Class 2011. 2- Assign an Assembly representative. 3- Other subjects
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Bank of Beirut S.A.L.- Tuesday September 13, 2011:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 4 p.m., on Wednesday September 28, 2011, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: (I) Verify the completion of the increase in the Bank’s Capital from LBP /79,931,124,000/ to LBP /86,735,124,000/ through the subscription in Preferred Shares Class (H). (II) Make sure that all the Capital increase transactions have been correctly executed. (III) Announce that the capital of Bank of Beirut S.A.L. became LBP /86,735,124,000/. (IV) Other subjects.
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Eid Al Fitr – Tuesday August 30, 2011:
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On the occasion of Eid Al Fitr, there will be no trading at the Beirut Stock Exchange from August 30, 2011 till September 01, 2011. Trading will be resumed on Friday, September 02, 2011.
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Bank of Beirut S.A.L.- Monday August 29, 2011:
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Subscription in preferred shares class "H" issued by Bank Of Beirut SAL.
Subscription period: From Monday September 5, 2011 at 8:30 am to Friday September 9, 2011 at 12:00 noon. Place of Subscription: All branches of Bank of Beirut SAL. Number of issued Preferred shares Class (H): /5,400,000/ shares. Price and rules of Subscription: USD /25/ per share divided into: LBP /1,260/ as nominal value and the balance as issue premium. Subscription will be executed in total units with a minimum of one unit. Every unit is constituted of /100/ Preferred Shares (H), with an issue price per unit of USD /2,500/. Subscription price will be paid in cash on the subscription day. Priority right in subscription: The holders of preferred shares class “D”,”E”,”F” and “G” will have a priority right to subscribe in the preferred shares class “H”, on a non-reducible basis, according to the percentage of preferred shares they hold in the total share capital of the Bank. Terms of preferred shares (H): Please refer to the Marketing Brochure related to these shares that are available at all branches of Bank of Beirut SAL.
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Assumption of the Virgin Mary - Monday August 15, 2011:
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On the occasion of the assumption of the Virgin Mary, there will be no trading on the Beirut Stock Exchange on Monday, August 15, 2011.
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Beirut Preferred Fund –Friday August 12, 2011:
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The General Assembly of shareholders of Beirut Preferred Fund convened on July 25, 2011 and decided to: (I) Approve the report of the manager related to the business of the fund for the period from 01/01/2011 till 30/06/2011. (II) Approve the report of the auditors, the Balance Sheet and the Income Statement of the fund for the period from 01/01/2011 till 30/06/2011. (III) Distribute an amount of USD /3.50/ per share from the profits disclosed in the Balance Sheet and Income Statement and achieved by the manager from the administration of the fund for the period from 01/01/2011 till 30/06/2011. (IV) Discharge the manager in respect of the management of the fund during the period from 01/01/2011 till 30/06/2011.
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BLOM Bank S.A.L. - Tuesday August 09, 2011:
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /20,000,000/ Preferred Shares Class 2011, issued by BLOM Bank S.A.L. in the Official market of the stock exchange. Trading is scheduled to start on Thursday, August 11, 2011.
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Listing of two Lebanese Republic Eurobond Issues –Tuesday August 02, 2011:
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The Beirut Stock Exchange decided to accept the listing and trading of two Lebanese Republic Eurobond Issues: The first worth USD 700 million, carrying an interest rate of 6.10% and maturing in October 2022, and the second worth USD 500 million, carrying an interest rate of 4,75% and maturing in November 2016 . Trading in the mentioned Eurobonds is scheduled to start on Wednesday, August 3, 2011.
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Solidere – Tuesday August 02, 2011:
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The Ordinary General Assembly of shareholders of Solidere SAL convened on Monday, August 1, 2011 in Biel Downtown and decided to approve the decision of the Board of Directors to distribute USD 0.4 per share in addition to one free share for every 30 shares. Distribution will take effect starting October 31, 2011 for the holders of shares as at August 19, 2011. Therefore, the amount of profits that will be distributed totals USD 147 million: USD 61 million in cash and USD 86 million in value of the shares that will be distributed. The Ordinary General Assembly also discussed the report of the Board of Directors concerning the activities of the company for the year 2010 and its financial statements that showed total profits of USD 196.5 million, as well as the report of the auditors and the report related to Articles 158 & 159 of the Code of Commerce and approved them. Likewise, the Ordinary General Assembly discharged the chairman and members of the Board in respect of activities performed during the year 2010.
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De-listing of a maturing Eurobond Issue – Monday July 25, 2011:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Thursday July 28, 2011 a Lebanese Republic Eurobond Issue worth USD 750 million, carrying an interest rate of 7.50% and maturing on August 02, 2011.
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Solidere – Monday July 25, 2011
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Subject to the General Assembly meeting of shareholders of Solidere SAL on Monday, August 01, 2011 and subject to the General Assembly's ratification of dividends distribution, the Board of Directors of Solidere SAL will propose to the Annual General Assembly that the beneficiaries of dividends distribution will be the shareholders on record as at August 19, 2011. Given the period separating the actual trading date and the clearing and settlement date, trading realized till the end of the trading session of August 16, 2011 will be reflected in the shareholders' register of August 19, 2011.
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Rasamny Younis Motor Company S.A.L. – Friday July 08, 2011:
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Further to the decision of the Ordinary General Assembly held on Thursday June 30, 2011 that stated to postpone the Ordinary General Assembly Meeting held the said date to August 08, 2011, and further to the decision of the Board of Directors, the Ordinary General Assembly of Rasamny Younis Motor Company S.A.L is invited to convene at 5 p.m., on Monday August 8, 2011, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan.
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Bank Audi SAL – Audi Saradar Group – Friday July 08, 2011:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday July 25, 2011, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. The increase of the Bank’s share capital though the issuance of up to 1,326,490 Common Shares reserved to the owners of stock Options who have exercised their Stock Options in 2011 and the determination of their issuance terms; 2. The listing of such newly-issued Common Shares on the Beirut Stock Exchange; 3. The amendment of the Bank’s By-Laws, in particular Articles 6 & 8, to reflect the actions described in items 1 and 2 above; 4. The submission of the actions described in items 1-3 inclusive for approval by the Central Bank of Lebanon, acting though its Central Council; and 5. The granting of the necessary powers for the implementation of the actions approved by the General Meeting.
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Solidere – Friday July 01, 2011:
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As the Ordinary General Assembly of shareholders of Solidere was invited to meet for the first time on June 30, 2011 but the majority wasn’t reached, a second meeting was decided to be held at 9:30 am on August 1, 2011 in Biel Downtown.
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Banque BEMO S.A.L. – Thursday June 30, 2011:
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The Ordinary General Assembly of shareholders of Banque BEMO SAL convened on May 28, 2011 and decided to: (I) Approve the report of the Board of directors, the report of the Auditors for the fiscal year 2010 and all the elements of the Balance Sheet and the Profit and Loss statements for the year 2010. (II) Distribute to the holders of Preferred shares their part of the profit of the fiscal year 2010 amounting LBP /2,412,000/ Thousand; (USD 1,600,000). (III) Stop paying interest associated to shareholders' cash contributions, though these contributions will remain in their current form. (IV) Discharge the chairman and members of the Board in respect of activities performed during the fiscal year 2010. (V) Give the authorizations stipulated in Articles 152 of the Law of cash and credit. (VI) Give the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code. (VII) Fix the attendance fees of the members of the Board of Directors for the year 2011. (IIX) Amend Article 9 of the Ordinary General Assembly minutes of meeting dated May 31, 2010 that assigned B.D.O. as principal auditor, so that the name becomes Fiduciaire du Moyen Orient (FMO).
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BLOM Bank S.A.L. - Thursday June 30, 2011:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly meeting to be held at 12:00 noon on Wednesday July 20, 2011 at the Bank’s Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to examine the following agenda: 1) Listen to the report of the Board of Directors and to the report of the Auditors related to the Share Capital increase through the issuance of Preferred Shares captioned Class 2011. 2) Verify the correct subscription to the total shares that represent the Share Capital increase. 3) Verify the full payment of each subscribed share. 4) Adopt the amended text in the Bank's By-Laws after the verification of the execution of the Capital increase. 5) Divers new matters.
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Société Libanaise des Ciments Blancs sal - Tuesday June 21, 2011:
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Further to the decision of the Ordinary General Assembly held on 26/05/2011 related to the distribution of the 2010 dividends in exchange of Coupon Nb.6 from the shares issued on 05/01/1998, and further to the announcement issued by the company on June 8, 2011 related to the distribution of LBP /450/ per share, net of distribution tax, starting June 27, 2011, the Beirut Stock Exchange declares that trading in the shares of Societe Libanaise des Ciments Blancs SAL will be as follows: I - Bearer Shares: shares will be traded with coupon Nb. 6 till the end of the trading session of Tuesday June 21, 2011. Starting the trading session of Wednesday June 22, 2011, shares will be traded without coupon Nb.6. II – Nominal Shares: shares will be traded with the above stated dividends till the end of the trading session of Tuesday June 21, 2011. Starting the trading session of June 22, 2011 (Ex-dividends date) shares will be traded without the above stated dividends.
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Holcim (Liban) S.A.L. – Tuesday June 21, 2011:
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Further to the decision of the Ordinary General Assembly of shareholders of Holcim (Liban) SAL held on 12/05/2011 related to the distribution of the 2010 dividends in exchange of Coupon Nb.5 from the shares issued on 14/05/2007, and further to the announcement issued by the company on June 8, 2011 related to the distribution of LBP /2,220/ per share (net of distribution tax) starting June 27, 2011, the Beirut Stock Exchange declares that trading in the shares of Holcim (Liban) SAL will be as follows: Till the end of the trading session of Tuesday 21/06/2011: Trading the shares with Coupon Nb. 5 that means with the dividends decided by the Ordinary General Assembly dated 12/05/2011. Starting the trading session of Wednesday 22/06/2011: Trading the shares without Coupon Nb. 5 that means without the dividends decided by the Ordinary General Assembly dated 12/05/2011.
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Holcim (Liban) S.A.L. – Friday June 17, 2011:
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The Ordinary General Assembly of Shareholders of Holcim (Liban) SAL convened on May 12, 2011 and decided to: (I) Approve the report of the Board of Directors for the year ended December 31, 2010. (II) Approve the report of the Auditors for the year ended December 31, 2010. (III) Approve the Balance Sheet and Income Statement for the year ended December 31, 2010 and give the Board of Directors complete clearance for the business of this year. (IV) Approve the report of the Board of directors produced according to Article 158 of the Code of Commerce, approve all the operations of the company and give the Board of directors the authorization to renew these operations if necessary in 2011. (V) Approve the Auditors’ report produced according to Article 158 of the Code of Commerce. (VI) Re-elect Le Patriarcat Maronite d’Antioche et de tout l’Orient, Holcim ltd, Holcibel, Cement S.A.L. to the Board of Directors, for a 3 year period ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2013. (VII) Re-elect Ernst & Young as Auditors for the year 2011. (VIII) Appropriate 10% of the 2010 profits to Legal Reserve and declare a Gross Dividend distribution amounting LBP /45,605,904,000/; the equivalent of LBP /2,337/ (before distribution tax) per share. (IX) Approve the transactions noted in Article 29 of the By-Laws and give when necessary the Board of directors the authorization stipulated in this Article.
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BLOM Bank S.A.L. - Friday June 17, 2011:
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Further to the decisions of the Extraordinary General Assembly of shareholders of BLOM Bank SAL dated May 5, 2011 related to the redemption and cancellation of the 7,500,000 preferred shares class 2004 and the 10,000,000 preferred shares class 2005, and the increase of the Bank's capital to LBP258,000,000,000 through the increase of the nominal value of each common share to LBP1200 instead of LBP1040, and further to the approval of Banque Du Liban on the above decisions, the Beirut Stock Exchange decided to de-list, as of June 23, 2011, BLOM Bank preferred shares Class 2004 and BLOM Bank preferred shares Class 2005; therefore, Friday, June 17, 2011 will be the last trading day in the above mentioned shares.
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BLOM Bank S.A.L. - Thursday June 16, 2011:
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The Board of Directors of Blom Bank S.A.L. is pleased to announce to the holders of Preferred Shares Class 2004 and Preferred Shares Class 2005 that the Extraordinary General Assembly convened on May 4, 2011 decided to recall and cancel all /7,500,000/ issued Preferred Shares Class 2004 and all /10,000,000/ issued Preferred Shares Class 2005. Following the approval of the Central Bank of Lebanon, the price of the recalled shares will be paid through Midclear on June 23, 2011 based on the issue price.
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Bank of Beirut S.A.L.- Tuesday June 14, 2011:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Thursday June 30, 2011, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Increase the Capital of Bank of Beirut S.A.L. by issuing new non-cumulative, redeemable Preferred Shares Category (H) and specify other shares’ conditions. 2- Amend some articles of the By-Laws of the Bank according to the Capital increase. 3- Other matters
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Bank of Beirut S.A.L.- Tuesday June 14, 2011:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held exceptionally at 4 p.m., on Thursday June 30, 2011, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Elect additional members to the Board of Directors for the remaining period of the actual Board. 2- Other matters
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Solidere – Thursday June 09, 2011:
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The Board of Directors of Solidere SAL invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held at 9:30 am on Thursday June 30, 2011 in Biel Downtown.
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Societe Libanaise des Ciments Blancs S.A.L.- Wednesday June 8, 2011:
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In implementation of the resolution of the Ordinary General Assembly held on 26/05/2011 related to the distribution of the 2010 dividends in exchange of coupon Nb.6 from the shares issued on 05/01/1998, Societe Libanaise des Ciments Blancs SAL announces that the dividends set at LBP /450/ per share (net of distribution tax), will be paid starting Monday June 27, 2011 as follows: - Shareholders who deposited their shares in the Lebanese banks will receive their dividends through “Midclear”. - Other shareholders can receive their dividends when presenting coupon Nb.6 of the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), from June 27, 2011 till December 20, 2011. By the end of the mentioned period dividends payment will be executed at the company’s Head Office in Hery.
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Holcim (Liban) S.A.L. - Wednesday June 8, 2011:
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In implementation of the resolution of the Ordinary General Assembly held on May 12, 2011 related to the distribution of the 2010 dividends in exchange of the coupon Nb.5 from the shares issued on 14/05/2007, Holcim (Liban) SAL announces that dividends set at LBP /2,220/ per share (net of distribution tax) will be paid starting Monday June 27, 2011 as follows: o Shareholders who deposited their shares in local banks will receive their dividends through “Midclear”. o Other shareholders can receive their dividends when presenting coupon Nb.5 of the company’s shares issued on 14/05/2007 to (i) Banque Libano Francaise (Al Akkawi-Beirut or Tripoli- Al Tall branch), or (ii) Societe Generale de Banque au Liban (Hamra or Tripoli branch), from June 27, 2011 till December 20, 2011. By the end of the mentioned period, dividends payment will be executed at the company’s Head Office in Hery.
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Rasamny Younis Motor Company S.A.L. – Monday May 30, 2011:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Thursday June 30, 2011, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan
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Resistance and Liberation Day- Wednesday May 25, 2011:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Wednesday, May 25, 2011. Trading will be resumed on Thursday May 26, 2011.
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Bank Audi SAL – Audi Saradar Group – Tuesday May 24, 2011:
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Bank Audi SAL – Audi Saradar Group’s Annual Report for the year ended 31 December 2010 (the “Annual Report”) is available from the address below: The Corporate Secretary Bank Audi SAL – Audi Saradar Group Audi Plaza – Bab Idriss Beirut 2021 8102 – Lebanon The Annual Report can also be downloaded from the Company’s website at www.banqueaudi.com
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BLC Bank SAL - Friday May 20, 2011:
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The Beirut Stock Exchange decided to list, as of Monday, May 23, 2011, an additional /133,333/ common shares issued by BLC Bank SAL in the official market of the Stock Exchange. These common shares will be added to the previously listed /50,900,000/ common shares; therefore, the total number of listed common shares issued by BLC Bank SAL becomes /51,033,333/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed common shares are the same as those of the previously listed ones.
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Listing of two Lebanese Republic Eurobond Issues – Friday May 20, 2011:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond Issues: The first worth USD 350 million, carrying an interest rate of 6.10% and maturing in October 2022, and the second worth USD 650 million, carrying an interest rate of 6,00% and maturing in May 2019 . Trading in the mentioned Eurobonds is scheduled to start on Monday, March 23, 2011.
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Bank Audi SAL – Audi Saradar Group – Thursday May 19, 2011:
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Bank Audi SAL – Audi Saradar Group’ s Audited Consolidated Annual Financial Statements for the year ended 31 December 2010 (including the Auditors report and accompanying notes) are available from the address below: The Corporate Secretary Bank Audi SAL – Audi Saradar Group Audi Plaza – Bab Idriss Beirut 2021 8102 – Lebanon And can be downloaded from the Company’s website at www.banqueaudi.com
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Bank Audi SAL – Audi Saradar Group – Tuesday May 17, 2011:
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The Beirut Stock Exchange decided to list, as of May 19, 2011 an additional /4,893,576/ GDRs related to the shares of Bank Audi SAL – Audi Saradar Group in the official market of the Stock Exchange. These GDRs will be added to the previously listed /93,687,854/ GDRs, therefore, the total number of GDRs related to the shares of Bank Audi SAL – Audi Saradar Group becomes /98,581,430/. The details related to the conditions of pricing, trading, settlement and clearance of the newly listed GDRs are the same as those of the previously listed ones.
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Banque BEMO S.A.L. – Friday May 13, 2011:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held at 10:00 am on Saturday, May 28, 2011 at the Bank's Head offices in Achrafieh, Elias Sarkis Avenue.
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BLC Bank SAL - Wednesday May 11, 2011:
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The Ordinary General Assembly of shareholders of BLC Bank SAL held a meeting on April 08, 2011 and approved the reports of the board of directors, the Auditors' report and the financial statements of the Bank for the year 2010. The Assembly declared a dividend distribution of LBP /175/ per share and discharged the chairman and the Board members in respect of activities performed during the year ended December 31, 2010. The Assembly also gave the proper authorizations stipulated in Articles 158 & 159 of the Lebanese Code of Commerce and in Article 152 of the Cash and Credit Law.
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De-listing of a maturing Eurobond –Tuesday May 10, 2011:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Tuesday, May 17, 2011, a Lebanese Republic Eurobond Issue, worth USD /1,000,000,000/ carrying an interest rate of 7.875%, as these bonds will mature on May 20, 2011.
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Labor Day – Monday May 02, 2011:
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On the occasion of Labor Day there will be no trading at the Beirut Stock Exchange on Monday, May 02, 2011. Trading will be resumed on Tuesday, May 03, 2011.
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Byblos Bank SAL – Friday April 29, 2011:
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Upon the maturity of Byblos Bank Priority Shares on the date of the Ordinary General Assembly invited to convene on May 05, 2011, and upon the conversion of these "Priority Shares" to "Common Shares" on the above mentioned date, the Beirut Stock Exchange declares that: (i) The last trading date in Byblos Bank Priority Shares will be on Thursday, May 05, 2011. (ii) Trading in the converted shares will start on Friday, May 06, 2011. (iii) The Financial Instruments related to Byblos Bank SAL that are listed on the Beirut Stock Exchange will be divided, as of May 06, 2011, as follows: 1- Common shares: 565,515,040 / 2 - Preferred shares Class 2008: 2,000,000 / 3 - Preferred shares Class 2009: 2,000,000 / 4 - GDR: 1,309,078.
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Easter Holiday – April 22---25, 2011:
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On the occasion of Easter there will be no trading at the Beirut Stock Exchange from Friday, April 22, 2011 till Monday, April 25, 2011. Trading will be resumed on Tuesday, April 26, 2011.
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Byblos Bank S.A.L. - Wednesday April 20, 2011:
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The Board of Directors of Byblos Bank S.A.L. held on 16 April 2011 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on May 5, 2011 at the Bank’s Head Office, the distribution of dividends for the year 2010 as follows: For Common Shareholders: • LBP 200 per share (LBP 190 Net of 5 % withholding tax) For Priority Shareholders*: • Annual interest of 4% of the nominal value of the priority shares (adjusted for the period extending from 1 January 2010 to 10 December 2010); LBP 46.2 per share (LBP 43.93 Net of 5 % withholding tax) • LBP 200 per share (LBP 190 Net of 5 % withholding tax) *On the date of the Ordinary General Assembly, the priority shares will be automatically converted into common shares. For Preferred Shareholders: • Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax) • Class 2009: USD 8 per share; (USD 7.6 Net of 5 % withholding tax) Subject to the General Assembly’s approval, such dividends will be paid on or about 11 May 2011 after deducting the 5 % withholding tax, to shareholders as at 10 May 2011 (record date), according to the records of Midclear (the Central Depository). Share will trade ex-dividend starting 6 May 2011. For GDR holders: • LBP 200 per share paid in US dollars through the depositary The Bank of New York Mellonafter deducting the 5 % withholding tax and other expenses starting 18 May 2011.
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Byblos Bank S.A.L. - Monday April 18, 2011:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at 11:00 am on Thursday, May 5, 2011 at the Bank Head Office, Ashrafieh, Byblos Tower building, Elias Sarkis Avenue, .
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Byblos Bank S.A.L. - Monday April 18, 2011:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at 12:00 pm on Thursday, May 5, 2011 at the Bank Head Office, Ashrafieh, Byblos Bank Tower building, Elias Sarkis Avenue, .
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Société Libanaise des Ciments Blancs sal - Friday April 15, 2011:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Thursday May 26, 2011 at the premises of Holcim (Liban) S.A.L. in Antelias.
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Bank of Beirut S.A.L.- Wednesday April 13, 2011:
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The Ordinary General Assembly of Bank of Beirut SAL convened on April 8, 2011 and resolved to approve the reports of the Board of Directors, the reports of the Auditors and the Bank's accounts for the fiscal year 2010. The Ordinary General Assembly declared dividends distribution (Before 5% distribution tax) as follows: ● To Holders of Preferred shares (C): USD 3.00 per share ● To Holders of Preferred shares (D): USD 2.25 per share ● To Holders of Preferred shares (E): USD 2.00 per share ● To Holders of Preferred shares (F): USD 2.00 per share ● To Holders of Common shares: LBP 650 per share The Ordinary General Assembly also decided to discharge the chairman and members of the Board of Directors in respect of activities performed during the year ended December 31, 2010, and elected Messrs: Salim Sfeir, Adib Millet, Antoine Abdel Massih, Fawaz Naboulsi, H.E. Anwar Mohamad El-Khalil, Emirates Bank International pjsc, and Eng. Rached Ben Saad Al Rached, to the Board of Directors for a three year period that will end when the Ordinary General assembly will convene to approve the accounts of the year 2013.
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Banque BEMO S.A.L. – Tuesday April 12, 2011:
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The Beirut Stock Exchange decided to approve the listing, trading and pricing of an additional /46,000,000/ Common Shares issued by Banque BEMO SAL on the official market of the Stock Exchange. Trading with the newly issued shares will start on Friday, April 15, 2011.
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BLOM Bank S.A.L. - Tuesday April 12, 2011:
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The Board of Directors of BLOM Bank S.A.L informs the shareholders that the Ordinary General Assembly held on April 8, 2011, at the Bank’s headquarters, approved the Board of Directors' proposal to distribute dividends for the year 2010 as follows: For Preferred Shares Holders: - Series 2004: USD 0.85 per share - Series 2005: USD 0.95 per share Dividends (subject to 5% withholding tax) will be paid through Midclear SAL starting April 20, 2011. For Common Shares and GDR Holders: - Common shares: LBP 675 per share (subject to 5% withholding tax) to be paid through Midclear SAL starting April 21, 2011. - GDR: the equivalent of LBP 675 in US Dollars (subject to 5% withholding tax) to be paid through the depositor "Bank of New York Mellon", starting April 28, 2011. Shares Benefiting from the Distribution: the Ordinary General Assembly of shareholders also approved the Board of Directors' proposal that the last trading date to receive dividends should be April 14, 2011.
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BLOM Bank S.A.L. - Tuesday April 12, 2011:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly meeting to be held at 13:00 pm on Wednesday May 4, 2011 at the Bank’s Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the following agenda: 1) Increase of the Bank's share capital through the issuance of Preferred Shares Class 2011 subject to the provisions of the law number 308/2001 and specify the value, terms, conditions and details of this increase. 2) Amend Article 6 of the Bank’s by-laws. 3) Grant the Board of Directors and or the Chairman – General Manager the necessary powers for the implementation of the decisions of the Extraordinary General Assembly related to the share capital increase. 4) Any other topics.
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BLOM Bank S.A.L. - Tuesday April 12, 2011
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly meeting to be held at 12:00 noon on Wednesday May 4, 2011 at the Bank’s Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the redemption and cancellation of the 7,500,000 preferred shares class 2004 and the 10,000,000 preferred shares class 2005, as well as, the increase of the Bank's capital in conjunction with the redemption and cancellation of the above mentioned preferred shares.
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Bank Audi SAL – Audi Saradar Group – Tuesday April 05, 2011:
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The Ordinary General Assembly of Shareholders of Bank Audi s.a.l. – Audi Saradar Group convened on April 04, 2011 and resolved to (i) approve the Bank’s accounts for the year 2010 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “D” Preferred Shares: USD 0.775 per share - To Holders of Series “E” Preferred Shares: USD 4 per share - To Holders of Common Shares: LBP 603 per share
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:
- To Holders of Series “D” Preferred Shares: USD 0.73625 per share - To Holders of Series “E” Preferred Shares: USD 3.8 per share - To Holders of Common Shares: LBP 572.85 per share
Dividends will be paid through Midclear S.A.L. starting April 06, 2011 for the holders of shares as at April 01, 2011 (Record Date), according to the records of Midclear S.A.L.
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BLC Bank SAL - Monday March 28, 2011:
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The Board of Directors of BLC Bank S.A.L. invites holders of Preferred Shares Class “A” to attend a General Assembly Meeting to be held at 04:00 p.m., on Thursday April 07, 2011, at the Bank’s branch in Tabaris, Beirut to discuss the following agenda: 1- Establish the By-Laws of the Assembly of holders of Preferred Shares Class “A”. 2- Assign an Assembly representative. 3- Divers matters.
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BLC Bank SAL - Monday March 28, 2011:
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The Board of Directors of BLC Bank S.A.L. invites shareholders to attend an Ordinary General Assembly Meeting to be held at 03:00 p.m., on Friday April 08, 2011, at the Bank’s Head Office in Beirut – facing Palace of Justice
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Feast of Annunciation – Friday March 25, 2011:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Friday, March 25, 2011.
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Holcim (Liban) S.A.L. – Tuesday March 22, 2011:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 a.m., on Thursday May 12, 2011 in Le Royal Hotel – Dbayeh.
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BLOM Bank S.A.L. - Friday March 18, 2011:
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The Board of Directors of BLOM Bank met on 16 March 2011 and decided to call the General Assembly of Shareholders for a meeting on 8 April 2011. The Board proposed to distribute 675 LBP for each common share (or the equivalent of $0.45), subject to a 5% withholding tax on dividends. As to preferred shares, they will receive dividends as per agreed rates. Subject to the approval by the General Assembly, total dividends for both common and preferred shares will constitute then 35% of 2010 profits.
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De-listing of a maturing Eurobond – Friday March 18, 2011:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of Friday March 25, 2011, a Lebanese Republic Eurobond Issue, worth LBP /400,000,000,000/ carrying an interest rate of 9.375 % as these bonds will mature on March 30, 2011.
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Bank Audi SAL – Audi Saradar Group – Friday March 18, 2011:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Ordinary Shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m., on Monday April 04, 2011, at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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Banque BEMO S.A.L. – Thursday March 17, 2011:
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Further to the resolutions of the Extraordinary General Assembly held on January 31, 2011, Banque BEMO SAL declares that the share capital of the Bank has been increased from LBP16,200,000,000 to LBP62,200,000,000 by way of issue of 46,000,000 new common shares with a par value of LBP1,000 each. The increase has been completed by transferring LBP16 billion from the Retained Earnings and Free Reserves to the Capital account through the issuance of 16,000,000 new common shares that have been distributed for free to shareholders at the rate of one common share for each holder of one common share, while the remaining LBP30 billion has been subscribed in by cash from shareholders holder of common shares.
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BLOM Bank S.A.L. - Thursday March 17, 2011:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly Meeting that will be held at 12:00 noon on Friday April 8th, 2011 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Bank Audi SAL – Audi Saradar Group – Wednesday March 16, 2011:
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In its meeting held on March 12, 2011,the Board of Directors of Bank Audi S.A.L.- Audi Saradar Group resolved to propose to the Annual Ordinary General Assembly the distribution of a dividend of LBP 603 (currently equivalent to around USD 0.4) per common share. The rounded net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus LBP 572.85 (currently equivalent to around USD 0.38) per common share. Subject to the General Assembly's approval, such dividends will be paid on or about April 06, 2011 to holders of common shares as at April 01, 2011 (record date), according to the records of Midclear S.A.L (The Central Depository).
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Banque BEMO S.A.L. – Friday March 11, 2011:
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The Board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Extraordinary General Assembly Meeting to be held at 10:00 am, on Saturday, March 26, 2011, at the Bank’s Head Office in Achrafieh – Elias Sarkis Avenue, Bemo bldg. 2nd Floor in order to examine the following agenda: 1- Verification of the Bank’s Capital increase that was decided by the Extraordinary General Assembly held on 31/01/2011 2- Other Matters
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Banque BEMO S.A.L. – Thursday March 10, 2011:
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Further to the decisions of the Extraordinary General Assembly of Banque BEMO SAL held on January 31, 2011 calling for the capital increase of the Bank by way of issue of (i) 16,000,000 new common shares to be distributed for free to the shareholders, and the issue of (ii) 30,000,000 new common shares to be subscribed in by cash as per the details stipulated in the minutes of the Extraordinary General Assembly and in the Call to Shareholders to Subscribe for the Capital Increase, and as the beneficiaries are the Bank's holders of common shares who are on record as at March 04, 2011. The Beirut Stock Exchange decided to cancel temporarily the threshold for Banque BEMO's common share until a new price is defined for the mentioned share. The threshold system stipulated in circular 171/2003 will be reapplied once a new price is defined for the share. This procedure becomes effective starting the trading session of Thursday, March 10, 2011.
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Banque BEMO S.A.L. – Monday March 07, 2011:
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Further to the resolutions of the Extraordinary General Assembly held on January 31, 2011, calling for the capital increase of Banque BEMO SAL from LBP16,200,000,000 to LBP62,200,000,000 by way of issue of 46,000,000 new common shares with a par value of LBP1,000 each as per the following details: (i) Issue of 16,000,000 new common shares to be distributed for free to shareholders, each at the rate of his/her contribution in the total number of common shares of the Bank. (ii) Issue of 30,000,000 new common shares to be subscribed in by cash, on a non-reducible basis by the Bank's holders of common shares, each according to his/her investment in the share capital of the Bank. If some shareholders did not exercise their rights, it will be allowed for shareholders, subscribed on a non-reducible basis, to subscribe on a reducible basis in proportion to their rights and within the limit of their demand. Shareholders may assign their right to subscribe in the capital increase of the Bank to others, whether from among the shareholders or not provided they get the prior approval, when necessary, of the Central Bank of Lebanon. Therefore, the Board of Directors invites shareholders, holders of common shares, to subscribe in the share capital increase of the Bank on a non-reducible basis from March 7, 2011 till March 14, 2011 and on a reducible basis from March 15, 2011 till March 18, 2011.
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Circular: 328/2011 - Friday March 04, 2011:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond Issues: The first, worth USD 250 million, carrying an interest rate of 5.875% and maturing in January 2015, while the second, worth USD 250 million, carrying an interest rate of 7.000% and maturing in December 2024 . Trading in the mentioned Eurobonds is scheduled to start on Wednesday, March 09, 2011.
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Circular: 327/2011 - Tuesday March 01, 2011:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of two Lebanese Republic Eurobond issues worth USD 490 million, carrying an interest rate of 6.1% and maturing in October 2022. Trading in the mentioned Eurobonds is scheduled to start on Friday, March 04, 2011.
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Bank of Beirut S.A.L.- Monday February 21, 2011:
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In a statement jointly issued by Marfin Popular Bank and Bank of Beirut s.a.l., the two institutions confirmed having signed an agreement for the acquisition of 85% of the shares of Laiki Bank (Australia) Ltd by Bank of Beirut s.a.l. The transaction has already been approved by the relevant regulatory authorities in Australia, Cyprus and Lebanon. This cross-border transaction reflects the deliberate strategy of Bank of Beirut s.a.l. to expand in selected markets with strong Lebanese diaspora. As a result of this acquisition, Bank of Beirut s.a.l. will have a total network of 65 branches of which 50 branches in Lebanon, 10 branches in Australia through its APRA-regulated subsidiary Laiki Bank (Australia) Ltd, two branches in the United Kingdom and Germany through its FSA-regulated subsidiary Bank of Beirut (UK) Ltd, one branch in Cyprus and two branches in the Sultanate of Oman.
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BSE Days Off - February 14 & 15, 2011:
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There will be no trading at the Beirut Stock Exchange on Monday, February 14, 2011 on the occasion of the sixth Memorial of the assassination of H.E. former Prime Minister Mr. Rafik Hariri. Likewise, there will be no trading on Tuesday, February 15, 2011 on the occasion of the Prophet's Day.
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St Maroun Day - Wednesday February 09, 2011:
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On the Occasion of St. Maroun's Day, there will be no trading on the Beirut Stock Exchange on February 09, 2011.
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Beirut Preferred Fund – Friday February 04, 2011:
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The General Assembly of shareholders of Beirut Preferred Fund decided to: (1) Approve the report of the manager related to the business of the fund from 01/07/2010 till 31/12/2010. (2) Approve the Auditors’ report, the Balance Sheet and the Income Statement of the fund for the period from 01/07/2010 till 31/12/2010. (3) Distribute an amount of USD /1,172,721.60/, or USD /3.60/ per share from the profits disclosed in the Balance Sheet and Income Statement that was achieved during the second half of the year 2010. (4) Grant full discharge to the manager in respect of the management of the fund during the period from 01/07/2010 till 31/12/2010. (5) Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the final accounts of the year 2011.
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Beirut Preferred Fund – Tuesday January 18, 2011:
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Bank of Beirut S.A.L., as president of the General Assembly of shareholders of Beirut Preferred Fund, invites the shareholders of Beirut Preferred Fund to attend an Ordinary General Assembly at 10:00 a.m. on Thursday, January 27, 2011 in Bank of Beirut S.A.L. bldg, Sixth floor, Riad Al Solh St.
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BLC Bank SAL - Monday January 17, 2011:
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The Extraordinary General Assembly of shareholders of BLC Bank SAL, held on December 22, 2010, having reviewed the report of the Board of Directors and the auditor's report declares that it has (i) verified the adequate completion of the procedures relating to the Bank's capital increase from LBP152,700,000,000 to LBP153,100,000,000; by an amount LBP400,000,000, (ii) verified that the 400,000 preferred shares class A, with a par value of LBP1,000 each and a total contributed surplus of USD39,734,660 (based on USD100 for each preferred share) have been issued and subscribed-by in cash according to the terms stipulated by the extraordinary general assembly of shareholders dated July 30, 2010. Likewise, the extraordinary general assembly meeting declares that the amendment of articles 6, 9, 15, 18, 20, 34, 36, 50, and 56 of the bank's bylaws as per the resolution of the extraordinary general assembly meeting of shareholders held on July 30, 2010, is now effective.
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BLC Bank SAL – Thursday January 13, 2011:
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The Extraordinary General Assembly meeting of shareholders of BLC Bank SAL, held on July 30, 2010, having reviewed the Board of Directors report comprising the motives for the Bank's capital increase, decided to: (i) increase the share capital of the Bank from LBP 152,700,000,000 to LBP 153,100,000,000 through the issuance of 400,000 preferred shares class "A" having a nominal value of LBP1000 each, and to be subscribed in cash. (ii) Empower the Board of Directors and/or the chairman to take all necessary actions to implement the capital increase. (iii) List an additional number of 133,333 shares of the Bank's common shares in the organized financial markets. (iiii) Modify some articles of the Bank's bylaws to reflect the above mentioned capital increase.
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Listing of a Leb. Rep. Bonds issue -Friday January 07, 2011:
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The Beirut Stock Exchange Committee decided to accept the listing and trading of a Lebanese Republic Bonds issue worth LBP 1,500 billion, bearing an interest rate of 7,9% and maturing in December 2017. Trading in the above mentioned bonds is scheduled to start on Wednesday, January 12, 2011.
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Armenian Christmas Day –Thursday January 06, 2011:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Thursday, January 06, 2011.
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Bank Audi SAL – Audi Saradar Group – Wednesday January 05, 2010:
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Based on the decision of the Extraordinary General Assembly of Bank Audi SAL – Audi Sardar Group held on 01/10/2010 that decided to decrease the number of shares of the bank by cancelling /8,029,756/ common shares linked to the GDRs issued by Deutsche Bank Trust Company Americas, and based on the BSE Circular Nb. 321/2010 dated 22/12/2010 that took note of the cancellation of the mentioned shares, and based on the decrease in the number of GDRs issued by Deutsche Bank Trust Company Americas by /8,029,756/ GDRs due to the decrease in the common shares stipulated above. The Beirut Stock Exchange decided to take note of the decrease in the number of GDRs linked to the shares of Bank Audi SAL – Audi Saradar Group by /8,029,756/ GDRs ; thus the number of the mentioned GDRs listed in the Beirut Stock Exchange and in London Stock Exchange is /93,687,854/.
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Bank of Beirut S.A.L.- Thursday December 30, 2010:
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Further to the decision of the Board of Directors of Bank of Beirut sal dated 17/8/2010, that decided to re-purchase all the preferred shares class C on the redemption date, and further to the decision of the Extraordinary General Meeting of shareholders of the Bank held on December 29, 2010 concerning the verification of the completion of the redemption and cancellation of the Bank's Preferred Shares Class C. The Beirut Stock Exchange decided to de-list the above mentioned shares (BOBPC) prior to the opening of the trading session of December 30, 2010.
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Beirut Stock Exchange – Thursday December 30, 2010:
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As per the request of Capital Investment Services SAL to end its activity, as a broker, in the Beirut Stock Exchange as of January 01, 2011, The Beirut Stock Exchange gives note to all investors that Thursday December 30, 2010 will be the last trading day for the company in the BSE.
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Last Trading Day in the Beirut Stock exchange for 2010- Thursday December 23, 2009:
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In synchronization with what is adopted in the banking sector in Lebanon, Thursday 30/12/2009 will be considered as the last trading day in the BSE during the year 2010, whereas no trading operations will be executed on Friday 31/12/2010.
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Bank Audi SAL – Audi Saradar Group – Wednesday December 22, 2010:
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The Beirut Stock Exchange decided to: 1 - Take note of (i) the cancellation of /8,029,756/ common shares of Bank Audi SAL – Audi Saradar Group and (ii) the increase of the nominal value of each share to LBP1,254. 2 – Accept the listing, trading and pricing of /12,317,460/ additional common shares that were fully subscribed to and paid up by the beneficiaries of stock options who have exercised their option rights. These shares will be added to the previously listed shares; thus the total number of common shares listed on the Beirut Stock Exchange after the cancellation stipulated above becomes /348,477,114/ common shares. Trading with the additional mentioned shares will start on Thursday, December 23, 2010.
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Holcim (Liban) S.A.L. – Wednesday December 22, 2010:
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The Extraordinary General Assembly of shareholders held on December 14, 2010 decided to decrease the capital of the company from LBP195,160,400,000 to LBP97,580,200,000 in conformity with the following principles:
(i) The reduction of the capital shall be effected by the reduction of the nominal value of the share from LBP10,000 to LBP5,000. This resolution shall come into force upon the completion of the three months period specified in article 208 of the code of commerce and the achievement of all legal requirements.
(ii) After the expiry of this period and subject to the achievement of the legal requirements, the amount of the reduction shall be distributed to shareholders, after deduction of all taxes, fees and charges.
(iii) The extraordinary general meeting grants the Board of Directors of the company all powers necessary for carrying out the operation to reduce the capital of the company and then to distribute the amount of the reduction to shareholders in accordance to the above decisions, provided that no right will be created for shareholders before the expiry of the legal deadline and the realization of the conditions necessary for the reduction of capital.
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BLC Bank SAL – Tuesday December 21, 2010:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10 am on Wednesday 22/12/2010 in the bank’s head office in Beirut – facing Palace of Justice to discuss the following agenda: 1- Verify the subscription of all Preferred Shares Class A representing the Capital increase. 2- Verify the liberation of the total amount of each Preferred Share Class “A”. 3- Adopt the texts that have been adjusted in the statue after verification of the implementation of the Capital increase. 4- Divers Matters
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Achoura - Thursday December 16, 2010:
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On the occasion of Achoura, there will be no trading at the Beirut Stock Exchange on Thursday, December 16, 2010.
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Bank Audi SAL – Audi Saradar Group – Wednesday December 15, 2010:
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The extraordinary General Meeting of shareholders of Bank Audi sal – Audi Saradar Group confirms: I – (i) The cancellation of 8,029,756 common shares, (ii) the increase of the nominal value of all remaining shares comprising the share capital of the bank by an amount equivalent to the aggregate nominal value of the cancelled Common Shares, (iii) the increase of the Bank's share capital from LBP438,475,777,250 to LBP438,786,706,116 through the incorporation of general reserves for LBP310,928,866 all resulting in the increase of the nominal value of each individual share up to LBP1,254. II - The adequate completion of all formalities relating to the increase of Capital of Bank Audi sal – Audi Saradar Group from LBP438,786,706,116 to LBP454,232,800,956 by an amount of LBP15,446,094,840 through the issuance of 12,317,460 common shares fully subscribed to and paid up by the beneficiaries of stock options who have exercised their option rights, and declare that the capital of Bank Audi sal – Audi Saradar Group is now LBP454,232,800,956 fully paid up and divided into 362,227,114 nominal shares having a nominal value of LBP1,254 each
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Holcim (Liban) S.A.L. – Friday December 10, 2010:
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The Board of Directors of Holcim (Liban) S.A.L held on September 15, 2010 proposes to invite the shareholders to attend an Extraordinary General Assembly Meeting to discuss the capital decrease of the company. This capital decrease is proposed to be by an amount of LBP /97,580,200,000/, by paying the shareholders an amount of LBP /5,000/ per share; and thus decreasing the nominal value of each share by the same amount.
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De-listing of a maturing Eurobonds – Friday December 10, 2010:
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The BSE decided to de-list, as of the end of the trading session of Friday, December 17, 2010, a Lebanese Republic Eurobond issue, worth USD /277,915,343/ carrying an interest rate of 6.00%, as these bonds will mature on December 22, 2010.
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Hegria New Year - Tuesday December 07, 2010:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on Tuesday, December 07, 2010.
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Rasamny Younis Motor Company S.A.L. – Monday November 29, 2010:
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The Annual Ordinary General Assembly that was held on 14/10/2010 decided to: · Elect Mr. Omar Jaroudi to the Board of Directors to replace the resigned member, Al Mashrek Al Arabi Inc. and that for the remaining Board’s period ending when the Ordinary General Assembly will be held to approve the accounts of 2012. · Approve the Contract signed between Rasamny Younis Motor Company S.A.L. and the Board member, Mr. Albert Lteif. · Allow Rasamny Younis Motor Company S.A.L., the President and members of the Board to deal with Rymco Holding S.A.L., Rymco Mena Holding S.A.L. and their subsidiaries. · Approve the warranty of Rasamny Younis Motor Company S.A.L.of the obligations of Rymco UK Limited against RCI Financial Services Limited (RCI) concerning the contract of the Commercial Agency signed with the later company.
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Bank Audi SAL – Audi Saradar Group – Thursday November 25, 2010:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday December 13, 2010, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District, in order to examine the following agenda: 1. Confirmation of the completion of the implementation of Resolution No. 1 of the Extraordinary General Meeting held on October 1, 2010; and 2. Verification of the completion of the increase in the Bank’s share capital through the exercise of Stock Options in accordance with Resolution No. 3 of the Extraordinary General Meeting held on October 1, 2010.
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Eid Al Adha - November 16, 17 and 18, 2010 :
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The presidency of the council of ministers announced that the Holiday for Eid Al Adha will be extended till November 18, 2010. Therefore, the Beirut Stock Exchange will close down from Tuesday, November 16 till Thursday November 18, and resume trading on Friday, November 19, 2010
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Eid Al Adha & Independence Day :
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange on Tuesday, November 16, 2010 and Wednesday, November 17, 2010. Trading will be resumed on Thursday, November 18, 2010. Likewise, on the occasion of the Independence Day there will be no trading at the BSE on Monday, November 22, 2010.
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De-listing a maturing Eurobond – Monday November 8, 2010:
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The Beirut Stock Exchange decided to de-list, as of the end of the trading session of November 09, 2010, a Lebanese Eurobonds issue worth USD 700 million carrying an interest rate of 6.875%, as these bonds will mature on November 12, 2010.
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Beirut Stock Exchange – Thursday November 4, 2010
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds. The Beirut Stock Exchange requests all members to settle their annual fee for the year 2010 and any other overdue fees before 30/12/2010. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either: 1. At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours. 2. Or by calling the BSE administration at phone No. 01- 993555, before 15/12/2010 to send one of its representatives to collect the check, against an official receipt.
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Bank of Beirut S.A.L.- Thursday October 28, 2010:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Thursday November 11, 2010, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda:
1- Amend some decisions of the Extraordinary General Assembly that was held on September 29, 2010. 2- Divers matters
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Holcim (Liban) S.A.L. – Tuesday October 19, 2010:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held in Metropolitan Palace Hotel – Sin El Fil, at 15:00 on Tuesday December 14, 2010 to discuss the following agenda: 1- The Board of Directors’ Report to the Extraordinary General Assembly concerning the decrease of the Company’s Capital and payment of a compensation to the shareholders. 2- Amendment of Article 7 of the Company’s by-laws
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Bank of Beirut S.A.L.- Wednesday October 06, 2010:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held exceptionally at 3 p.m., on Wednesday October 20, 2010, at the company's Head Office, Foch St, Beirut Downtown to study the following agenda: 1- Elect new Board members for the remaining period of the board. 2- Divers matters
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Bank Audi SAL – Audi Saradar Group – Tuesday September 14, 2010:
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The Board of Directors of Bank Audi SAL – Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting, in order to examine the Board’s proposals to (i) issue Common shares reserved to the owners of Stock Options who have exercised their Stock Options, and, (ii) cancel Common Shares comprising Deposited Property attributable to GDRs held by the Bank in treasury. Upon completion of all actions described above, subject to required approvals, the Bank’s share capital will increase to L.L. 454.2 billion (from L.L. 438.5 billion at the date hereof) and comprise 348,477,114 Common Shares (increased from 344,189,410 Common Shares at the date hereof) and 13,750,000 preferred shares, while the Bank's consolidated shareholders' equity, excluding variations and profits realized since 30 June 2010, will increase from L.L. 3,396 billion (USD 2.25 billion), at the date hereof, to L.L. 3,448 billion (USD 2.29 billion). The General Meeting will be held at 12:30 p.m., on Friday October 1st, 2010, at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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BLOM Bank S.A.L. - Monday September 13, 2010:
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The Bank hereby announces the effectiveness of the split of the Bank’s outstanding share capital, including the Bank’s Common Shares, Preferred Shares Class 2004 & 2005, as well as the GDRs representing Common Shares, in each case, at a ratio of 10 to 1.
The Split will become effective as of 04/10/2010, as determined by the Chairman of the Board of Directors of the Bank pursuant to a delegation duly granted to him by the Board of Directors of the Bank. The Bank’s Common Shares, Preferred Shares Class 2004 & 2005 and GDRs representing the Bank’s Common Shares will trade on a post-Split basis (as to both price and volume) from and after 05/10/2010 included.
On 21/06/2010 the Extraordinary General Assembly of Shareholders of the Bank approved the Split, the Central Bank of Lebanon approved it on 04/08/2010.
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Eid Al Fitr holiday – Friday, September 10, 2010:
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On the occasion of Eid Al Fitr there will be no trading at the Beirut Stock Exchange on Friday September 10, 2010. Trading will be resumed on Monday, September 13, 2010
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Bank of Beirut S.A.L.- Wednesday September 08, 2010:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Wednesday September 29, 2010, at the company's Head Office, Foch St, Beirut Downtown to discuss the following agenda: 1- Increase the bank’s Capital through the issuance of new Preferred Shares of Class “G” that will be non cumulative, convertible and redeemable, and identify the other terms of these shares. 2- Amend some of the Bank’s by-laws according to the Capital increase. 3- Divers matters
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Rasamny Younis Motor Company S.A.L. – Wednesday September 08, 2010:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held exceptionally at 5 p.m., on Thursday October 14, 2010, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan to discuss the following agenda: 1- Elect a new member of the Board. 2- Approve the guarantees and give authorizations according to articles 158 & 159 of the Commercial Law. 3- Divers and urgent matters
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Byblos Bank S.A.L. - Wednesday September 01, 2010:
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The Beirut Stock Exchange decided to accept as of Monday, September 06, 2010 the trading and pricing of an additional /276,036/ GDRs related to Byblos Bank SAL on the OTC market of the BSE.
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Beirut Stock Exchange – Friday August 27, 2010:
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The Beirut Stock Exchange decided to accept “Bank of Beirut Invest S.A.L.” as a broker in the BSE. The bank will start its trading operations on Wednesday September 1, 2010.
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Beirut Stock Exchange – Friday August 27, 2010:
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The Beirut Stock Exchange decided to accept, as of Wednesday September 1, 2010 “Middle East Capital Group S.A.L.” as a broker in the BSE.
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Rasamny Younis Motor Company S.A.L. – Tuesday August 24, 2010:
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The Annual Ordinary General Assembly that was held on 28/06/2010 decided to: · Approve the financial statements for the year 2009 and transfer all the profits to the Free Reserve. · Discharge the chairman and the Board members for their administrative duties during the fiscal year 2009. · Renew the authorization to deal with the Board members or shareholders or affiliated parties for the fiscal year 2010. · Give the Board members the authorizations stipulated in Articles 159 of the Commercial Law for the fiscal year 2010. · Elect a new Board of Directors of 7 members for 3 years ending when the Ordinary General Assembly will be held to approve the accounts of 2012. The members are the following: 1- Mr. Fayiz Mohamad Rasamny 2- Mr. Fayiz Kamil Rasamny 3- Mohamad Abed El Mohsen El Kharafi & sons Company 4- Fadi Younes 5- Ramzi Fouad Rasamny 6- Albert Latif 7- Al Mashrek Al Arabi Inc.
· Give the new Board of Directors validity to take debts and loans from banks during the fiscal year 2010 until the Ordinary General Assembly will approve the accounts of this year. · Specify the yearly allocations for the Chairman and for every member of the Board of Directors. · Renew the nomination of Deloitte and Touch as principal auditor for the fiscal year 2010.
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Beirut Preferred Fund – Monday July 26, 2010:
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The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:
- Approve the report of the manager concerning the business of the fund from 01/01/2010 till 30/06/2010.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2010 till 30/06/2010.
- Distribute an amount of USD /1,915,445.28/; USD /5.88/ per share from the profits shown in the Balance Sheet and Income Statement for the period from 01/01/2010 till 30/06/2010.
- Grant full discharge to the manager in respect of his management of the fund during the period from 01/01/2010 till 30/06/2010.
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BEMO Bank S.A.L. – Thursday July 22, 2010:
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The Ordinary General Assembly of shareholders of BEMO Bank S.A.L. held on May 31, 2010 approved the Balance Sheet and the Profit and Loss accounts for the year 2009, declared a dividend distribution of LBP /12,060/ per preferred share and LBP /225/ per Common share and elected a new Board of Directors for a 3 years mandate (that will end up upon holding the Annual General Assembly that will examine the accounts of the year 2012) composed as follows: Riad Bechara Obegi, Dr. Ara Hretchdakian, Sheikh Hassan Mohamad Kabbani, Jean Victor Hajjar, Banque Saudi Fransi, Georges Bechara Obegi, Antoine Wakim, Emir Karim Samir Abillama, Sharikat Al Istismarat Al Oropia Lil Shark Al Aousat (Holding) s.a.l., Samih Halim Saadeh. The Ordinary General assembly also assigned Deloitte & Touche and BDO as principal auditors for 3 years.
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Solidere – Tuesday July 20, 2010:
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The Ordinary General Assembly of Solidere held a meeting on Monday July 19, 2010 in Biel Downtown in reply to the second invitation by the Board of Directors. The meeting that was presided by Dr. Nasser Chamaa, president of the Board of Directors, was attended by shareholders representing almost 40% of the company’s shares, knowing that the required quorum in the second meeting of the General Assembly is the presence of shareholders that represent 1/3 of the company’s shares.
The Ordinary General Assembly decided to distribute total dividends of USD 175.6 million or what equals to USD 1.15 per share, as per the shareholders’ register when the decision was taken: July 19, 2010, with distribution to take effect as of October 15, 2010. The Ordinary General Assembly approved the financial statements of the company for the year 2009 that showed profits amounting to USD 214.9 million before tax or USD 182.2 million net of taxes. The General assembly gave the Board members the authorizations stated in Articles 158 & 159 of the Code of Commerce and cleared the chairman and members of the board from any liability for matters relating to the company’s management in 2009.
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Solidere – Wednesday July 14, 2010:
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The Board of Directors of Solidere suggests a dividends’ distribution of 1.15 USD per Class (A) or (B) share. The beneficiary will be the shareholder carrying the share as shown below:
In case there will be a quorum in the General Assembly meeting on July 19, 2010 and the dividends’ distribution was approved, dividends will be paid to the shareholder according to the shareholders’ record as at July 19, 2010 in the morning.
The retroactive date for this record is July 13, 2010, meaning that the shareholder that purchases shares by July 13, 2010, or sells shares after the mentioned date his name will be mentioned in the shareholders’ record of July 19, 2010 and will benefit from the dividends’ distribution in case it were stated.
(Ex-Dividend date 14 July 2010)
In case the quorum wasn’t reached on July 19, a meeting will be held on August 10, 2010 and in case there will be a quorum in this General Assembly meeting and the dividends’ distribution was approved, the dividends will be paid for the shareholder according to the shareholders’ record of August 10, 2010 in the morning.
The retroactive date for this record is August 4, meaning that the shareholder that purchases shares by August 4, his name will be mentioned in the shareholders’ record of August 10, 2010 and will benefit from the dividends’ distribution in case it were stated.
(Ex-Dividend date 5 August 2010)
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Beirut Preferred Fund – Tuesday July 13, 2010:
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Bank of Beirut S.A.L. as president of the General Assembly of shareholders of Beirut Preferred Fund invites the shareholders to attend the meeting of the General Assembly at 11:00 a.m. on Thursday 22 July 2010 in Bank of Beirut S.A.L. bldg, fourth floor, Riad Al Solh St.
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Byblos Bank S.A.L. - Monday July 12, 2010:
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The Beirut Stock Exchange decided to accept as of Thursday, July 15, 2010 the listing, of an additional /142,378,760/ Common share related to the capital increase of Byblos Bank SAL on the official market of the stock exchange
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Société Libanaise des Ciments Blancs sal - Friday July 09, 2010:
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The Ordinary General Assembly of shareholders held on 24/06/2010 decided to: 1) Approve the report of the Board of Directors for the year 2009 ending on December 31, 2009. 2) Approve the report of the Auditors for the year 2009 ending on December 31, 2009. 3) Approve the Balance Sheet and Income Statement for the fiscal year 2009 ending on December 31, 2009 and give the Board of Directors complete clearance for the business of this year. 4) Approve the report of the Board of Directors produced according to Article 158 of the Code of Commerce and approve all the operations mentioned in the report. 5) Approve the auditors' report produced according to Article 158 of the Code of Commerce. 6) Reelect Prime Investments SAL Holding, Holcim (Liban) SAL to the Board of Directors for a period of 3 years ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2012, and elect Mr Urs Spillmann member of the Board of Directors. 7) Elect Ernst & Young as Auditors for the fiscal year 2010. 8) Distribute dividends of LBP /379/ gross per share.
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Holcim (Liban) S.A.L. – Friday July 09, 2010:
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The Ordinary General Assembly of Shareholders held on June 08, 2010 decided to: 1) Approve the report of the Board of Directors for the year 2009 ending on December 31, 2009. 2) Approve the report of the Auditors for the year 2009 ending on December 31, 2009. 3) Approve the Balance Sheet and Income Statement for the fiscal year 2009 ending on December 31, 2009 and give the Board of Directors complete clearance for the business of this year. 4) Approve the report of the Board of directors produced according to Article 158 of the Code of Commerce and approve all the operations and give the Board of directors the authorization to renew them if necessary for the year 2010. 5) Approve the Auditors’ report produced according to Article 158 of the Code of Commerce. 6) Reelect Mr. Jean Gibo, Mr. Nabil Sehnaoui, and Mr.Carlos Khoury to the Board of Directors, for a 3 years period ending when the Ordinary General Assembly will meet to approve the business of the fiscal year 2012. 7) Elect Ernst & Young as Auditors for the fiscal year 2010. 8) Take note that the net profits for the fiscal year 2009 amounted to LBP /44,027,695,000/ and appropriate 10% from these profits to the Legal Reserve and distribute Gross Dividends amounting to LBP /39,442,944,000/ or what equals LBP /2,021/ gross, per share. 9) Approve the transactions noted in the Article 29 of the By-Laws and give when necessary the Board of directors the authorization stipulated in this Article.
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Holcim (Liban) S.A.L. – Friday July 09, 2010:
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In implementation of the decision of the Ordinary General Assembly held on 08/06/2010 related to the distribution of the 2009 dividends in exchange of the coupon Nb.4 from the shares issued on 14/05/2007, the company announces that starting Tuesday July 20, 2010 the payment of the specified dividend, that equal to LBP /1,920/ net for every share, will be as follows:
- The shareholders that deposited their shares in local banks will get their dividends through “Midclear”.
- The remaining shareholders can collect their dividends when presenting coupon Nb.4 of the company’s shares issued on 14/05/2007 to one of the following banks:
Banque Libano Francaise (Al Akkawi-Beirut and Tripoli- Al Tall branch) and Banque Societe Generale de Banque au Liban (Hamra and Tripoli branch), and that during the period starting July 20, 2010 till December 20, 2010. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.
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Société Libanaise des Ciments Blancs sal - Friday July 09, 2010:
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In implementation of the decision of the Ordinary General Assembly held on 24/06/2010 related to the distribution of the 2009 dividends in exchange of coupon Nb.5 from the shares issued on 05/01/1998, the company announces that starting Tuesday July 20, 2010 the payment of the specified dividends that equal to LBP /360/ net for every share will be as follows:
- The shareholders that deposited their shares in the Lebanese banks will get their dividends through “Midclear”.
- The remaining shareholders can collect their dividends when presenting coupon Nb.5 from the company’s shares issued on 05/01/1998 to Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), and that during the period starting July 20, 2010 till December 20, 2010. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.
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Bank Audi SAL – Audi Saradar Group – Friday July 09, 2010:
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The Beirut Stock Exchange Committee decided to accept the listing, trading and pricing of the /1,250,000/ Preferred Shares Class (E), issued by Bank Audi S.A.L. - Audi Saradar Group in the official market of the stock exchange. Trading with the Preferred Shares Class (E) is scheduled to start on Wednesday 14/07/2010.
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Beirut Stock Exchange – Tuesday July 06, 2010:
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There will be no trading at the Beirut Stock Exchange on July 06, 2010; the day of the official funeral of H.E. the religious authority Sayyed Mohammad Hussein Fadlallah
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Solidere - Thursday June 24, 2010:
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As the Ordinary General Assembly of shareholders was invited to meet for the first time on June 24, 2010 but the majority wasn’t reached, a second meeting was decided to be held on July 19, 2010 in Biel Downtown at 9:30 am
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Byblos Bank S.A.L. - Friday June 11, 2010:
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The holders of Common and Priority Shares of Byblos Bank SAL are invited to attend the extraordinary general assembly to be held at the Bank Head Office, Ashrafieh, Byblos Tower building, Elias Sarkis Avenue, at 12:00 AM on Monday, 28 June, 2010, in order to discuss and decide on the matters listed on the following agenda: 1- To check the veracity of the subscription and payment of the Bank capital increase. 2- To give final approval of the amendment to article 6 of the Articles of Incorporation further to the capital increase.
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BLOM Bank S.A.L. - Monday June 07, 2010:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Extraordinary General Assembly meeting that will be held at 12:00 noon on Monday June 21st, 2010 at the Bank’s Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the following agenda: 1) Acknowledge the Bank’s shares split 2) Amend the Bank’s by-Laws, mainly Article 6 in addition to any other articles related to the Shares’ split process. 3) Assign the Board of Directors, with the right to assign the Chairman of the Board of Directors, with the authority to acquire the required acceptances, specify the deadlines, perform all the procedures to execute the decision of the stock split and amend the Deposit Agreement with Bank of New York and inform the concerned stock exchanges. 4) Other matters
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Rasamny Younis Motor Company S.A.L. – Wednesday June 02, 2010:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5 p.m., on Monday June 28, 2010, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan
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Solidere - Monday May 31, 2010:
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The Board of Directors of Solidere invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held on Thursday June 24, 2010 at 9:30 am in Biel Downtown.
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Resistance and Liberation Day- Tuesday May 25, 2010:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Tuesday, May 25, 2010. Trading will be resumed on Wednesday May 26, 2010.
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Bank Audi SAL – Audi Saradar Group – Monday May 17, 2010:
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The Bank hereby announces the effectiveness of the split of the Bank’s outstanding share capital, including the Bank’s Common Shares and Series D Preferred Shares, as well as the GDRs representing Common Shares, in each case, at a ratio of 10 to 1 (the “Split”).
The Split will become effective as of 24 May 2010, as determined by the Chairman of the Board of Directors of the Bank pursuant to a delegation duly granted to him by the Board of Directors of the Bank. The Bank’s Common Shares, Series D Preferred Shares and GDRs representing the Bank’s Common Shares will trade on a post-Split basis (as to both price and volume) from and after 25 May 2010.
On 5 March 2010, the Bank previously announced the approval of the Split by the Extraordinary General Assembly of Shareholders of the Bank pursuant to resolutions duly adopted at its meeting held on 2 March 2010. The Split was also approved by the Central Bank of Lebanon on 21 April 2010.
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BLC Bank SAL – Friday May 14, 2010:
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The Ordinary General Assembly of shareholders of BLC Bank S.A.L. that was held on 08/04/2010 approved the Balance Sheet and the Profit and Loss accounts for the fiscal year 2009 and declared a dividend distribution of LBP /149/ per share. The Assembly gave the required clearance to the Chairman and members of the Board and elected a new Board of Directors for a 3 years mandate (that will end up upon holding the Annual General Assembly that will examine the accounts of the year 2012) composed as follows: Maurice Sehnaoui, Nadim Kassar, Adnan Kassar, Adel Kassar, Nabil Kassar, Walid Daouk, Mansour Bteish, Nazem El Khoury, Raoul Nehme, Walid Ziadeh and Charles El Hage
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Bank Audi SAL – Audi Saradar Group – Friday May 14, 2010:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of Common Shares to attend an Extraordinary General Meeting to be held at 10:30 a.m., on Monday May 31, 2010 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda: 1- Further to the decision of the Extraordinary General Meeting of March 2, 2010, verification of the completion of the increase in the Bank’s capital through the issuance of 1,250,000 Series “E” Preferred Shares, and of the subscription to, and full payment of, such Series “E” Preferred Shares. 2- Further to the decision of the Extraordinary General Meeting of March 2, 2010, confirmation of the effectiveness of the split of the Bank’s outstanding share capital, and of the adjustment of all rights (as applicable) attached to the share capital as a result of such split.
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BLOM Bank S.A.L. - Thursday May 13, 2010:
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The holders of Preferred shares class 2005 are invited to attend an Ordinary General Meeting that will be held at 12:00 noon on Thursday June 10, 2010 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg, to discuss the following agenda: 1) Take note of the decision of the Annual Ordinary General Assembly meeting of BLOM Bank’s shareholders that was held on April 9, 2010 related to the distribution of 2009 payments to the holders of Preferred shares class 2005. 2) Other Matters.
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BLOM Bank S.A.L. - Thursday May 13, 2010:
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The holders of Preferred shares class 2004 are invited to attend an Ordinary General Meeting that will be held at 11:00 a.m. on Thursday June 10, 2010 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg, to discuss the following agenda: 1) Take note of the decision of the Annual Ordinary General Assembly meeting of BLOM Bank’s shareholders held on April 9, 2010 related to the distribution of 2009 payments to the holders of Preferred shares class 2004. 2) Other Matters
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Bank Audi SAL – Audi Saradar Group – Thursday May 06, 2010:
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The Beirut Stock Exchange adjusts the material error stated in its previous circular Nb. 305/2010, so that the total number of GDRs related to Bank Audi SAL – Audi Saradar Group that are listed on the official market of the stock exchange becomes /10,171,761/GDRs. This circular becomes effective upon its publication in the Daily Bulletin.
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· Banque BEMO SAL- Monday May 03, 2010:
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The board of Directors of Banque BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held in the Head Office in Riad Al Solh- Asseily bldg- 7th Floor at 10:00 am on Monday, May 31, 2010.
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Bank of Beirut S.A.L.- Friday April 30, 2010:
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The Ordinary General Assembly of Shareholders of Bank of Beirut S.A.L. convened on April 6, 2010 and resolved to approve the Bank’s accounts for the year 2009 and declare a gross distribution of dividends (before 5% withholding tax) as follows: - To Holders of Series “C” Preferred Shares: USD 2.27 per share. - To Holders of Series “D” Preferred Shares: USD 2.25 per share. - To Holders of Series “E” Preferred Shares: USD 2.00 per share. - To Holders of Series “F” Preferred Shares: USD 0.58 per share. - To Holders of Common Shares: LBP 625 per share. Net dividends (after deduction of the applicable withholding tax at the rate of 5%) are paid through Midclear S.A.L. on April 15, 2010 for the holders of shares as at March 30, 2010 (Record Date), according to the records of Midclear S.A.L.
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Bank Audi sal Audi Saradar Group - Wednesday April 28, 2010:
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The Beirut Stock Exchange decided to approve the listing of an additional /15,000/ GDRs related to Bank Audi – Audi Saradar Group on the official market of the Stock Exchange. Thus the Bank's total number of GDRs listed on the official market of the BSE became /10,171,671/ GDRs. This circular becomes effective after its publication in the Daily Bulletin.
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Société Libanaise des Ciments Blancs sal Tuesday April 27, 2010:
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The Board of Directors of Société Libanaise des Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Thursday June 24, 2010 in the premises of Holcim (Liban) S.A.L. in Antelias.
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HOLCIM Liban sal - Tuesday April 27, 2010:
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The Board of Directors of Holcim (Liban) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 10:00 a.m. on Tuesday June 08, 2010.
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Byblos Bank S.A.L. - Monday April 26, 2010:
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Byblos Bank S.A.L. has the pleasure to announce to its shareholders that its Ordinary General Assembly met on April 23, 2010 at the Bank’s Head Office and decided the distribution of dividends for the year 2009 as follows:
For Common Shareholders: - LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Priority Shareholders: - Annual interest of 4% of the nominal value of the priority shares; - LBP 48.4 per share (LBP 45.98 Net of 5 % withholding tax) - LBP 200 per share (LBP 190 Net of 5 % withholding tax)
For Preferred Shares holders: - Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax) - Class 2009: USD 3.35 per share; (USD 3.1825 Net of 5 % withholding tax)
Such dividends will be paid on 29 April 2010 after deducting the 5 % withholding tax, to shareholders as at 28 April 2010 (record date), according to the records of Midclear (the Central Depository).
For GDR holders: - LBP 200 per share paid in US Dollars through the depositary The Bank of New York Mellon after deducting the 5% withholding tax and other expenses starting 5 May 2010.
The last trading day com-dividend for all types of shares is 23 April 2010.
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Byblos Bank S.A.L. - Friday April 23, 2010:
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Byblos Bank SAL is pleased to announce that its principal shareholder, Byblos Invest Holding SA has sold to Société de Promotion et de Participation Pour la Cooperation Economique S.A. (PROPARCO) 13,636,363 common shares of the Bank at a price of USD $2.2 per common share, for an aggregate purchase price of USD $29,999,998.6.
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Bank Audi SAL – Audi Saradar Group – Thursday April 15 2010:
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The Ordinary General assembly of Shareholders of Bank Audi SAL – Audi Saradar Group convened on April 12, 2010, and resolved, in consideration of the fact that the mandate of the Board of Directors has reached its term, to elect a new Board of Directors for a 3 years mandate (that will end up upon holding the Annual General Assembly that will examine the accounts of the year 2012) composed as follows: Mr. Raymond W. Audi (Reelected); Dr. Marwan M. Ghandour (Reelected); Dr. Georges A. Gedeon Achi (Reelected); Mr. Samir N. Hanna (Reelected); Dr. Freddie C. Baz (Reelected); Sheikha Suad H. Al Homaizi (Reelected); Sheikha Mariam N. Al Sabbah (Reelected); Mr. Marc J. Audi (Reelected); Dr. Imad I. Itani (Reelected); Mr. Mario J. Saradar (Reelected); Mr. Abdullah I. Al Hobayb (New); Dr. Khalil M. Bitar (New).
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BLOM Bank S.A.L. - Thursday April 15 2010:
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BLOM Bank's S.A.L. Board of Directors' is pleased to announce to its shareholders that the Ordinary General Assembly of shareholders that was held on April 9th, 2010, at the Bank’s headquarters, has approved the Board of Directors' proposal to distribute the following returns and dividends on the 2009 profits: For Preferred Shares Holders: - Series 2004: 8.50 US Dollar per share - Series 2005: 9.50 US Dollar per share The payments will be done through Midclear starting from the 20th April, 2010, net of the 5% withholding tax. For Common Shares and GDR Holders: A dividend of LBP 6,000 per share will be paid net of the 5% withholding tax to the common shares holders through Midclear starting from 21st April, 2010. Holders of GDR will be paid the equivalence in US Dollars of 6,000 LBP per share, net of the 5% withholding tax, through the depositor Bank of New York Mellon, starting from 28th April, 2010. Shares Benefiting from the Distribution: the Ordinary General Assembly of shareholders has approved also the Board of Directors' proposal that the last trading date to be eligible for returns and dividends distribution is on the 14th April, 2010.
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Byblos Bank S.A.L. - Tuesday April 13, 2010:
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Further to the previous call that was published in the Lebanese and Arab newspapers and in the official Bulletin of the Beirut Stock Exchange on 31/03/2010 related to the capital increase of Byblos Bank SAL through the issuance of /142,378,760/ additional common shares, Byblos Bank SAL confirms that on 14/04/2010 subscriptions rights will be arised to the existing shareholders (including holders of Preferred and priority shares) on a basis of one subscription right for every three shares. These subscription rights can be traded on the OTC market of the Beirut Stock Exchange starting 15/04/2010 till 14/05/2010 included. The subscription in the new shares will start from 20/05/2010 to 31/05/2010 till10 a.m. on the basis of one new share for each subscription right for USD 1.75. For additional information please refer to Byblos Bank at 01 329211 - 01 218442 - 01 218371 or to the Beirut Stock Exchange.
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Bank Audi SAL – Audi Saradar Group – Tuesday April 13, 2010:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. – Audi Saradar Group convened on April 12, 2010 and resolved to (i) approve the Bank’s accounts for the year 2009 and (ii) declare a gross distribution of dividends as follows: - To Holders of Series “D” Preferred Shares : USD 7.75 per share - To Holders of Common Shares: LBP 5,276.25 per share As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows: - To Holders of Series “D” Preferred Shares : USD 7.3625 per share - To Holders of Common Shares(after rounding): LBP 5,012.44 per share Dividends will be paid through Midclear S.A.L. starting April 15, 2010 for the holders of shares as at April 09, 2010 (Record Date), according to the records of Midclear S.A.L.
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Byblos Bank S.A.L. - Thursday April 1, 2010:
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The Board of Directors of Byblos Bank S.A.L. held on 26 March 2010 has the pleasure to announce to its shareholders that it resolved to propose to the Ordinary General Assembly convened to meet on April 23, 2010 at the Bank’s Head Office the distribution of dividends and profits for the year 2009 as follows:
For Common Shareholders: - LBP 200 per share (LBP 190 Net of 5 % withholding tax) For Priority Shareholders: - Annual interest of 4% of the nominal value of the priority shares; LBP 48.4 per share (LBP 45.98 Net of 5 % withholding tax) - LBP 200 per share (LBP 190 Net of 5 % withholding tax) For Preferred Shares holders: - Class 2008: USD 8 per share; (USD 7.6 Net of 5 % withholding tax) - Class 2009: USD 3.35 per share; (USD 3.1825 Net of 5 % withholding tax) Subject to the General Assembly's approval, such dividends will be paid on or about 29 April 2010 after deducting the 5 % withholding tax, to shareholders as at 28 April 2010 (record date), according to the records of Midclear (the Central Depository). For GDR holders: - LBP 200 per share paid in US Dollars through the depositary The Bank of New York Mellon after deducting the 5% withholding tax and other expenses starting 5 May 2010.
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Easter Holiday – Thursday April 1, 2010:
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On the occasion of Easter Holiday there will be no trading at the Beirut Stock Exchange from Friday, April 02, 2010 till Monday, April 05, 2010. Trading will be resumed on Tuesday, April 06, 2010.
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Byblos Bank S.A.L. - Wednesday March 31, 2010:
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Further to the resolution of the Extraordinary General Assembly held on February 19, 2010, calling for the capital increase of Byblos Bank SAL by way of issue of /142,378,760/ new common shares for which the Bank's holders of common and preferred shares may subscribe at a rate of one new share for every three old shares. Upon subscription each subscriber shall pay for each new share issued USD /1,75/ representing the par value of the share being LBP /1,210/ per share plus a premium. Shareholders may assign their preemptive right to others, whether from among the shareholders or not. The period of the assignment and trading of subscription rights shall start on Thursday April 15, 2010 and shall expire at the end of business on Friday May 14, 2010. Though April 9, 2010 shall be the last day for the trading of the Bank's shares of all classes cum rights.
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Byblos Bank S.A.L. - Monday March 29, 2010:
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The holders of Byblos Bank S.A.L. preferred shares are invited to attend the annual ordinary general assembly to be held at the Bank Head Office, Ashrafieh, Byblos Tower building, Elias Sarkis Avenue, at 10:00 am on Friday, April 23rd, 2010.
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Byblos Bank S.A.L. - Monday March 29, 2010:
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The shareholders of Byblos Bank S.A.L. are invited to attend the annual ordinary general assembly to be held at the Bank Head Office, Ashrafieh, Byblos Bank Tower building, Elias Sarkis Avenue, at 11:00 am on Friday, April 23rd, 2010.
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Bank Audi SAL – Audi Saradar Group – Monday March 29, 2010:
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In its meeting held on March 23, 2010, the Board of Directors of Bank Audi S.A.L. - Audi Saradar Group resolved to propose to the Ordinary General Assembly convened to meet on April 12, 2010 the distribution of a dividend of LBP 5,276.25 (currently equivalent to around USD 3.5) per common share. The rounded net amount proposed to be paid (after deduction of the applicable withholding tax at the rate of 5%) is thus 5,012.44 (currently equivalent to around USD 3.33) per common share.
Subject to the General Assembly’s approval, such dividends will be paid on or about April 15, 2010 to holders of common shares as at April 09, 2010 (record date), according to the records of Midclear S.A.L. (The Central Depository).
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BLC Bank SAL – Monday March 29, 2010:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 09:30 am on Thursday 08/04/2010 in the bank’s head office in Beirut – facing Palace of Justice.
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Bank Audi SAL – Audi Saradar Group – Friday March 26, 2010:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m., on Monday April 12, 2010 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District
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Feast of Annunciation – Thursday March 25, 2010:
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On the occasion of the Feast of Annunciation, there will be no trading at the Beirut Stock Exchange on Thursday, March 25, 2010.
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BLOM Bank S.A.L. - Wednesday March 24, 2010:
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The Board of Directors of BLOM Bank SAL held a meeting on 16/03/2010 and decided to invite the shareholders to attend an Ordinary General Assembly meeting to be held on April 9th, 2010. The Board of Directors suggested a dividend distribution for the year 2009 of LBP 6,000 per Common share; a 5% distribution tax will be deducted.
The last day to trade the Common shares that are entitled to the dividends for 2009 is April 14th, 2010. Starting April 15, 2010 the traded Common shares will not be entitled of any dividend for the year 2009.
It should be noted that the proposed dividend represents a yield of 4% on the share price which was equal to USD 99.55 on March 16, 2010 and that the earning per share reached USD 12.88.
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BLOM Bank S.A.L. - Thursday March 18, 2010:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 12:00 noon on Friday April 9th, 2010 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Bank of Beirut S.A.L.- Thursday March 18, 2010:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting to be held at 3 p.m., on Tuesday April 6, 2010, at the company's Head Office, Foch St, Beirut Downtown.
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Bank Audi SAL – Audi Saradar Group – Monday March 08, 2010:
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On March 02, 2010, the Extraordinary General Assembly of shareholders of Bank Audi SAL – Audi Saradar Group held a meeting at the Bank's Head Office in Beirut, Lebanon and resolved to approve the 10-for-1 split of all the Bank's shares (common and preferred). The new nominal value per share will be LBP 1,225 . The Extraordinary General Assembly also resolved to increase the Bank's Capital from LBP /436,944,527,250/ to LBP /438,475,777,250/ through the issuance of 1,250,000 new nominal preferred shares to be captioned Series "E" preferred shares having a nominal value of LBP 1,225 each, and to be listed on the regulated financial markets.
The execution of the above decisions is subject to the approval of the Central Bank.
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Prophet Birthday- Friday February 26, 2010:
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On the Occasion of the Prophet birthday, there will be no trading at the Beirut Stock Exchange on Friday February 26, 2010
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Bank Audi SAL – Audi Saradar Group – Friday February 19, 2010:
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The Beirut Stock Exchange decided to approve the listing of an additional /326,859/ GDRs related to Bank Audi – Audi Saradar Group on the official market of the Stock Exchange. Thus the Bank's total number of GDRs listed on the official market of the BSE became /10,156,761/. This circular becomes effective after its publication in the Daily Bulletin.
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Byblos Bank S.A.L. - Wenesday February 17, 2010:
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Byblos Bank SAL is pleased to announce that its principal shareholder, Byblos Invest Holding SA (Luxembourg) has sold to International Finance Corporation (IFC) 47,619,047 common shares of the Bank at a price of USD$2.1 per common share, for an aggregate purchase price of approximately USD$100 million.
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Rasamny Younis Motor Company S.A.L. – Wenesday February 17, 2010:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held exceptionally at 5 p.m., on Thursday March 18, 2010, at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan region
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De-listing of a maturing Eurobonds worth USD 1,265 million– Wednesday February 17, 2010
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The BSE decided to de-list, as of the end of the trading session of Tuesday, March 02, 2010, a Lebanese Republic Eurobond issue, worth USD 1,265 million carrying an interest rate of 7.125%, as these bonds will mature on March 05, 2010.
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Bank of Beirut S.A.L.- Friday February 12, 2010:
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The BSE decided to accept the listing, trading and pricing of an additional /1,872,675/ common shares, with a par value of LBP /1,200/ per share, issued by Bank Of Beirut SAL in the official market of the stock exchange. These shares will be added to the previously listed common shares; thus the percentage of listed common shares in the mentioned market will become 33.333%, and that in addition to the bank’s preferred shares Class “C”, Class “D” and Class "E", excluding Class “F”.
Trading with the mentioned shares is scheduled to start on Wednesday morning 17/02/2010.
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Bank Audi SAL – Audi Saradar Group – Friday February 12, 2010:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m., on Tuesday March 2, 2010 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda:
1- A 10 for 1 split of all the Shares constituting the Bank's Capital; 2- The Increase of the Bank's Capital through the issuance of up to 1,250,000 Preferred Shares (pursuant to Lebanese Law No 308/2001) and the determination of their terms and conditions; 3- The amendment of the Bank's by-laws, including, in particular Article 6 and Article 8 thereof, in order to reflect the actions described in items 1 and 2 above; 4- The granting to the Chairman of the necessary powers to seek required approvals, to set deadlines and to perform all other procedures and acts in pursuit of all the foregoing resolutions.
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St Maroun Day- Tuesday February 09, 2010:
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On the Occasion of St. Maroun's Day, there will be no trading at the Beirut Stock Exchange on February 09, 2010.
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Beirut Preferred Fund – Monday February 01, 2010:
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The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:
- Approve the report of the manager concerning the business of the fund from 01/07/2009 till 31/12/2009.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2009 till 31/12/2009.
- Distribute an amount of USD /2,443,170/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/07/2009 till 31/12/2009. That is in addition to previously distributed amounts to the shareholders as per the two previous meetings of the General Assembly dated 30/01/2009 and 24/07/2009.
- Grant full discharge to the manager in respect of his management of the fund during the period from 01/07/2009 till 31/12/2009.
- Renew the nomination of the manager as president of the Assembly for the period from the date of this meeting till the date of the approval of the General assembly on the accounts of the fiscal year 2010.
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BLC Bank SAL – Friday January 29, 2010:
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The Ordinary General Assembly of BLC Bank SAL that was held exceptionally on 11/01/2010 decided to: 1- Approve the merge of Al Lati Bank S.A.L. in BLC Bank S.A.L. by transferring all the Assets and rights of Al Lati Bank S.A.L. to BLC Bank S.A.L., and by undertaking all the liabilities and obligations of Al Lati Bank S.A.L. by BLC Bank S.A.L. 2- Delegate the Board of directors and/or the Chairman and /or the Vice-Chairman and/or the General Manager or the persons they delegate, with all the competences necessary to execute the merge.
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Byblos Bank S.A.L. - Monday January 25, 2010
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The shareholders of Byblos Bank S.A.L. holders of Common shares (including Priority shareholders) are invited to attend an Extraordinary General Assembly Meeting at 12:00 noon on Friday February 19, 2010 that will be held at the Bank’s Head Office, Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following Agenda: 1- Increase Byblos Bank S.A.L. capital by an amount of LBP /172.278.299.600/ by issuing /142.378.760/ nominal shares. 2- Amend Article 6 of the By-Laws following the Capital increase. 3- Divers matters
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Bank Audi SAL – Audi Saradar Group – Monday January 25, 2010
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Bank Audi SAL – Audi Saradar Group (The Bank) hereby announces, in connection with EFG-Hermes Holding SAE's and EFG-Hermes Advisory Inc's (The Sellers) sale of their entire stakes in the capital of the Bank, which was announced on 18 January 2010, that the Sellers have resigned their positions on the Board of the Bank effective 21 January 2010.
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Byblos Bank S.A.L. - Friday January 22, 2010
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In the context of a proposed USD$250 million capital increase, Byblos Bank SAL (the Bank) is pleased to announce that its principal shareholder, Byblos Invest Holding SA (Luxembourg) (Byblos Invest) has entered into a share purchase agreement with International Finance Corporation (IFC) regarding the purchase by IFC from Byblos Invest of 47,619,047 common shares of the Bank at a price of USD$2.1 per common share, for an aggregate purchase price of approximately USD$100 million (the Sale). Closing is subject to the approval of the Central Bank of Lebanon, which was obtained on 21 January 2010, and to other customary closing conditions.
Byblos Invest has agreed to vote in favour of the election of an IFC nominee as board member of the Bank.
The Board of Directors of the Bank has approved in principle, subject to the Central Bank of Lebanon and shareholders’ approvals, a USD$250 million capital increase, at a price per common share of the equivalent in Lebanese Pounds of USD$1.75, including nominal value and issue premium (the Capital Increase). Subscription to the Capital Increase will be reserved to the Bank’s holders of common and priority shares. Holders of GDRs representing common shares are expected to participate in the Capital Increase, subject to the standard conditions and restrictions applicable to GDR holders.
Byblos Invest and IFC have agreed that IFC will not participate in the Capital Increase and Byblos Invest will utilise all of the proceeds from the Sale to subscribe to the Capital Increase.
Following closing of the Sale and the Capital Increase, IFC will hold approximately 8% of the common shares of the Bank.
The closing of the Sale and the Capital Increase are expected to take place before June 30, 2010 .
Further details regarding participation in the Capital Increase will be provided in due course.
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Rasamny Younis Motor Company S.A.L. – Thursday January 21, 2010:
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Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders, that the dividend distribution for the fiscal year 2008 that was fixed at USD 0.07 per share, subject to a distribution tax, will start on Monday 25/01/2010 as follows:
1- In the company’s head office for shareholders carrying categories “A” & “C” shares.
2- Through Midclear S.A.L. for shareholders carrying category “B” shares.
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Beirut Preferred Fund – Tuesday January 19, 2010:
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Bank of Beirut S.A.L. as president of the General Assembly of shareholders of Beirut Preferred Fund invites the shareholders to attend the meeting of the General Assembly at 11:00 a.m. on Thursday 28 January 2010 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St
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Bank Audi SAL – Audi Saradar Group – Monday January 18, 2010:
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Transaction on Shares and GDRs
Beirut, January 18th, 2010
Bank Audi sal – Audi Saradar Group announces that a group of its existing shareholders, as well as a number of other high net worth individuals and entities investing directly or through investment vehicles, purchased today the 7,554,148 common shares and 2,483,034 GDRs of Bank Audi, previously owned by EFG-Hermes Holding SAE and its subsidiaries at a price of US$ 91 per share and GDR, for a total purchase price of US$ 913,383,562. The transaction took place today on the Beirut Stock Exchange.
Following the transaction, none of the purchasers individually own 5% or more of the common shares of the Bank.
Dr Marwan Ghandour, Vice-Chairman of the Bank stated: “Bank Audi is grateful for the support provided by EFG-Hermes as a shareholder of the Bank. Bank Audi welcomes the participation of the purchasers in its capital”.
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Armenian Christmas Day – Wednesday January 06, 2010:
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On the occasion of the Armenian Christmas Day there will be no trading at the Beirut Stock Exchange on Wednesday, January 06, 2010.
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· Rasamny Younis Motor Company S.A.L. – Wednesday December 30, 2009:
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The Ordinary General Assembly of Rasamny Younis Motor Co. S.A.L. held exceptionally on 20/11/2009 decided to approve all the operations and contracts, of any kind, executed between the Board member: Mohamad Abed El Mohsen El Kharafi & sons Co. and Rymco S.A.L. within the framework of the Investment Project in London, and on every action taken to give effect to these operations and contracts.
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· Bank Audi SAL – Audi Saradar Group – Monday December 28, 2009:
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Bank Audi s.a.l. – Audi Saradar Group is pleased to announce the appointment of Mr. Raymond W. Audi as its new Chairman of the Board of Directors succeeding Dr. Georges Achi who had submitted his resignation from the Chairmanship of the Board.
The appointment of Mr. Audi took effect on December 22, 2009. Dr. Georges Achi remains an independent member of the current Board of Directors of the Company and chairman of its Audit Committee.
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· Bank Audi SAL – Audi Saradar Group – Monday December 28, 2009:
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Bank Audi s.a.l. – Audi Saradar Group is pleased to announce the appointment of Dr. Marwan M. Ghandour as Vice-Chairman of its Board of Directors. The appointment of Dr. Ghandour took effect on December 22, 2009.
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· Listing, trading and pricing of all the Preferred Shares Class (E) issued by Bank of Beirut SAL- M
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The Beirut Stock Exchange decided to accept the listing, trading and pricing of the /2,400,000/ Preferred Shares Class (E), issued by Bank of Beirut SAL in the official market of the stock exchange.
Trading with the Preferred Shares Class (E) starts on Wednesday 30/12/2009.
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· Last Trading Day in the Beirut Stock exchange for 2009- Tuesday December 22, 2009:
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In synchronization with what is adopted in the banking sector in Lebanon, Wednesday 30/12/2009 will be considered as the last trading day in the BSE during the year 2009, whereas no trading operations will be executed on Thursday 31/12/2009.
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· Hegria New Year Holiday- Friday December 18, 2009:
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On the occasion of Hegria New Year, there will be no trading at the Beirut Stock Exchange on December 18, 2009
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· Bank of Beirut S.A.L.- Tuesday December 15, 2009:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting to be held at 3 p.m., on Tuesday December 29, 2009, at the Bank's Head Office, Foch St, Beirut Downtown to study and state the following agenda: 1- Verify the subscription and liberation of the total nominal value of the new Common shares represented to increase the capital of the Bank from LBP /68.603.250.000/ to LBP /75.344.880.000/ and of the whole issue premium of these shares. 2- Verify the adequate completion of the procedures of the Bank's Capital increase. 3- Announce that the Capital of the bank became LBP /75.344.880.000/ 4- Other Matters
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· BSE: Job Vacancy – Database Administrator – Friday 04 December 2009:
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The Beirut Stock Exchange is seeking for its IT department a Database Administrator. Candidates must be Lebanese, less then 30 years old. Holder of a BS in Computer Science or Business Computer or an LT in IT – Software section or Programming & Networking, or a TS in IT – Software section or Programming & Networking. In addition to an experience testimony, or training testimony, or a certificate in one of the following fields (Any SQL server, any Oracle Data Base, Net Development), with a minimum of one year experience (additional 4 years are needed for TS holders). Proficiency in Arabic & English (Read, write & speak). Applications should be submitted to the Civil Service Board by December 30, 2009. For more information contact the Beirut Stock Exchange, or visit the Civil Service Board’s website at: www.csb.gov.lb.
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· De-listing of a maturing Eurobonds worth USD 425 million– Friday December 4, 2009:
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The BSE decided to de-list, as of the end of the trading session of Wednesday December 9, 2009, a Lebanese Republic Eurobond issue, worth USD 425 million carrying an interest rate of 7.00%, as these bonds will mature on December 14, 2009.
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• Acceptance of "L.C.B. Finance S.A.L." as a broker in the BSE – Wednesday December 2, 2009:
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The Beirut Stock Exchange announces the acceptance of "L.C.B. Finance S.A.L." as a broker in the BSE. The company will start its trading operations on Monday, December 7, 2009.
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· Eid Al Adha– Friday November 27, 2009:
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On the occasion of Eid Al Adha there will be no trading at the Beirut Stock Exchange on Friday, November 27, 2009. Trading will be resumed Monday, November 30, 2009.
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Independence Day – Monday November 23, 2009
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On the occasion of the Independence Day there will be no trading at the Beirut Stock Exchange on Monday, November 23, 2009. Trading will be resumed on Tuesday, November 24, 2009
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De-listing of a maturing Eurobonds worth USD 625 million – Wednesday November 18, 2009
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The BSE decided to de-list, as of the end of the trading session of Tuesday, November 24, 2009, a Lebanese Republic Eurobond issue, worth USD 625 million carrying an interest rate of Libor (6 months) +3.25%, as these bonds will mature on November 30, 2009.
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Uniceramic SAL – Tuesday November 17, 2009.
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By virtue of the ruling made by the first instance court of the Bekaa looking into bankruptcy cases, number 42/2009 dated 20/10/2009, declaring as such the bankruptcy of Uniceramic SAL listed in the junior stock exchange market and whose shares have been suspended from transaction since September 18, 2009, the Beirut Stock Exchange decided to de-list the aforementioned company from its roster of companies in compliance to article 104 of the by-laws of the stock exchange issued by decree number 7667/1995. This decision becomes effective starting Wednesday, November 18, 2009.
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Bank Audi SAL – Audi Saradar Group – Tuesday November 17, 2009
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The Beirut Stock Exchange decided to approve, as of November 20, 2009 the listing, trading and pricing of an additional /229,552/ common shares issued by Bank Audi – Audi Saradar Group on the official market of the Stock Exchange. Thus the Bank's total number of common and preferred shares is listed on the official market of the BSE.
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· Beirut Stock Exchange – Friday November 13, 2009:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2009 and any other overdue fees before 30/12/2009. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either:
1. At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block 01, 4th floor – during the official office hours.
2. Or by calling the BSE administration at phone No. 01-993555, before 15/12/2009 to send one of its representatives to collect the check, against an official receipt.
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· Byblos Bank S.A.L. - Friday November 13, 2009:
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The Beirut Stock Exchange Committee decided to approve, as of November 18, 2009 the listing, trading and pricing of the 2,000,000 preferred shares (class 2009) issued by Byblos Bank SAL on the official market of the stock exchange. In addition, the BSE Committee took note of the increase of the par value of all Byblos Banks' shares to LBP 1210 per share.
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· Rasamny Younis Motor Company S.A.L. – Tuesday October 27, 2009:
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The Annual Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. that was held on August 18, 2009 approved the Balance Sheet and the Profit and Loss accounts for the year 2008 and declared a dividend distribution of USD 0.07 per share, to be paid in December 2009. The Assembly gave the required clearance to the Chairman and members of the Board and decided to reduce the number of the Board of Directors to 7 members instead of 9 for the remaining period of the board.
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· Bank of Beirut S.A.L.- Monday October 26, 2009:
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The Extraordinary General Assembly of Bank of Beirut that was held on September 18, 2009 decided to:
- Approve all the procedures of the Capital increase.
- Announce that the Capital of Bank of Beirut S.A.L. became LBP /68,603,250,000/ fully paid Transfer the total amount of the issue premium paid for the new Preferred shares (F) issued as a result of the Capital increase to the issue premium account.
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· Rasamny Younis Motor Company S.A.L. – Wednesday October 21, 2009:
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The Board of Directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held exceptionally at 5 p.m., on Friday November 20, 2009,at the company’s Head Office located in Chiyah Boulevard / Hazmieh- Galerie Semaan region.
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· Bank of Beirut S.A.L.- Friday October 02, 2009:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Beirut Downtown on Wednesday October 21, 2009 at 3 p.m. to study and state the following agenda: 1- Increase the capital of the Bank. 2- Amend some articles of the By-Laws. 3- Other Matters
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· Bank of Beirut S.A.L.- Tuesday September 29, 2009:
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The Extraordinary General Assembly of Bank of Beirut that was held on April 2, 2009 decided to: - Adopt the By-Laws of the owners of Preferred Shares Class "D". - Designate Mr. Rached Ghanem and Roger Dagher as representatives of the owners of Preferred Shares Class "D" empowered by the authorities specified in the By-Laws of the Assembly of shareholders of Preferred Shares Class "D".
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· Bank Audi S.A.L.- Audi Saradar Group- Friday September 25, 2009:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Wednesday October 14, 2009 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda:
1- Verification of the adequate completion of the procedures of the Bank's capital increase by L.L. 2,812,012,000 pursuant to the resolution of the Extraordinary General Assembly held on July 27, 2009. 2- Other matters relating to items 1 above.
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· De-listing of a maturing Eurobonds worth USD 650 million - Thursday September 24, 2009:
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The BSE decided to de-list, as of the end of the trading session of Thursday, October 1, 2009, a Lebanese Republic Eurobond issue, worth USD 650 million carrying an interest rate of 10.25%, as these bonds will mature on October 6, 2009.
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Eid El Fitr Holiday – Monday September 21, 2009
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On the occasion of Eid El Fitr there will be no trading at the Beirut Stock Exchange on Monday, September 21, 2009. Trading will be resumed on Tuesday, September 22, 2009.
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• Byblos Bank S.A.L. - Thursday September 17, 2009:
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The Extraordinary General Assembly of Byblos Bank SAL that was held on August 1, 2009 decided to approve the decision of the Board on Directors dated May 22, 2009 related to the redemption of the one million preferred shares class 2003, distribute the nominal value of the cancelled shares on the other shares, and increase the capital of the bank by an amount of LBP /3,051,362,800/ to becomes LBP /514,414,898,800/ by appropriating this amount from the Capital Reserve account; thus the nominal value of each share becomes LBP /1,210/. In addition, the Extraordinary General Assembly decided to increase the capital of the Bank from LBP /514,414,898,800/ to LBP /516,834,898,800/ by issuing two million preferred shares that will be listed for trading in the regulated stock market.
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· Byblos Bank S.A.L. - Thursday September 17, 2009:
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The Ordinary General Assembly of shareholders of Byblos Bank S.A.L. held on May 22, 2009 approved the Balance Sheet and the Profit and Loss accounts for the fiscal year 2008 and declared a dividend distribution of USD 12 per Preferred share (issuance 2003), USD 3.35 per Preferred share (issuance 2008), LBP 195.6 per Priority share and LBP 150 per Common share. The Assembly gave the required clearance to the Chairman and members of the Board and elected new members to the Board for a period of 3 years.
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· Uniceramic S.A.L. - Thursday September 17, 2009:
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Based on Uniceramic letter (receipt date 17/09/2009) by which the company notified Beirut Stock Exchange that it has applied on 12/09/2009 for issuing a judicial decision from the civil court of first instance in the Bekaa to declare its bankruptcy as it is in the process of stop paying its debts, and this is on the basis of the decision of the Extraordinary General Assembly meeting held on 25/08/2009. The company asked through the mentioned letter from Beirut Stock exchange to report to whom it may be concern and take necessary measures in this regard.
And by virtue of articles 20(7) and 101 of the BSE by-laws issued by decree Nb. 7667/95 that allow the suspension of operations in any listed instrument when necessary and take measures in this regard, for the benefit of the market and investors.
The Beirut Stock Exchange decided to suspend trading and pricing in both Uniceramics' shares Class A and C that are listed in the Junior Market of the Beirut Stock Exchange starting Friday, September 18, 2009 and till further notice.
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· Bank Audi S.A.L.- Audi Saradar Group- Tuesday September 08, 2009:
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The shareholders of Bank Audi SAL – Audi Saradar Group attended, on July 27, 2009, an Extraordinary General Assembly at the Bank's Head Office and ratified: the adequate completion of the cancellation procedures of the preferred shares class C, the reduction of the Bank's total number of shares by 4 million shares and the distribution of the nominal value of the cancelled shares on the other shares. The Extraordinary General Assembly also ratified the adequate completion of the procedures of the capital increase by an amount of LBP /299,236,250/ by appropriating this amount from the free reserve; thus the nominal value of each share becomes LBP 12,250. In addition the meeting approved the capital increase of the bank by an amount of LBP /2,812,012,000/ by issuing /229,552/ common shares reserved to the owners of stock options who have exercised their options.
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· Byblos Bank- Monday September 07, 2009:
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The holders of preferred shares that are issued on September 24, 2009 are invited to attend a General Assembly on Thursday September 24, 2009 at 13:00 pm that will be held at the Bank’s Head Office, Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following Agenda:
1- Establish the By-Laws of the Assembly of shareholders of Preferred Shares issued on September 24, 2009.
2- Designate one representative or more of the assembly
3- Other Matters
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· Byblos Bank- Monday September 07, 2009:
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The shareholders of Byblos Bank S.A.L. are invited to attend an Extraordinary General Assembly Meeting at 13:00 pm on Thursday September 24, 2009 that will be held at the Bank’s Head Office, Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following Agenda:
1- Verify the adequate increase of Capital through the issuance of Preferred shares.
2- Verify the liberation of the total value of the issued Preferred Shares.
3- Approve the amendment of Article 6 of the By-Laws to reflect the foregoing Capital increase.
4- Other Matters.
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· Bank of Beirut S.A.L.- Thursday September 03, 2009:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Friday September 18, 2009 at 12 noon to study and state the following agenda:
1- Verify the subscription and liberation of the total nominal value of the Preferred shares (F) represented to increase the capital of the Bank from LBP /65.003.250.000/ to LBP /68.603.250.000/ and for the whole issue premium of these Preferred shares.
2- Verify the adequate completion of the procedures of the Capital increase.
3- Announce that the Capital of the bank became LBP /68.603.250.000/ Other Matters
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· Market Performance – August 2009:
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The month of August 2009 witnessed relatively modest trading movement on the Beirut Stock Exchange. In the month’s 21 trading sessions 3.8 million shares were traded for USD 61.8 million, compared to 6.5 million shares for a value of USD 153.03 million for the month of July. Cumulative trading from the beginning of the year till the end of August totaled 84.9 million shares valued at USD 690.9 million, against 40.5 million shares for a value of USD 991.17 million for the corresponding period of last year. The stock capitalization decreased by 4.5% at the end of August to reach USD 11040 million against USD 11557 million at the end of July 2009.
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· Circular Nb. 288/2009- Monday August 31,2009:
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The Beirut Stock Exchange announces the resignation of its chairman, Dr. Fadi Khalaf, after his election as Secretary General of the Union of Arab Stock Exchanges. Therefore, all chairman authorities will be automatically transferred to the Vice Chairman, Dr Ghaleb Mahmassani, starting Tuesday, September 01, 2009
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· BLC Bank SAL –Friday August 21, 2009:
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The Ordinary General Assembly that was held on 08/04/2009 decided to: ·Approve the private and public reports of the board of directors. ·Approve the Auditors' report and the financial statements of the Bank for the year 2008. ·Distribute dividends for an amount of LBP /86/ per share. ·Specify yearly allocations for every member of the Board of Directors. ·Discharge the chairman and the Board members for their administrative duties during the fiscal year 2008. ·Give the authorizations stipulated in Articles 158 & 159 of the Lebanese Labor Law and Article 152 of the Cash and Credit Law.
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Société Libanaise des Ciments Blancs sal - Wenesday 19 August, 2009:
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The Ordinary General Assembly of shareholders held on 23/06/2009 decided to: 1)Approve the report of the Board of Directors for the year 2008 ending on December 31, 2008. 2)Approve the report of the Auditors for the year 2008 ending on December 31, 2008. 3)Approve the Balance Sheet and Income Statement for the fiscal year 2008 ending on December 31, 2008 and give the Board of Directors complete clearance for the business of this year. 4)Approve the report of the Board of Directors produced according to Article 158 of the Code of Commerce and approve the increase of the rate of technical assistance received from Holcim (Liban), in 2009, to 4% of the turnover of SLCB. 5)Approve the auditors' report produced according to Article 158 of the Code of Commerce. 6)Elect Ernst & Young as Auditors for the fiscal year 2009. 7)Distribute dividends of: LBP /484.21/ gross per share
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· Société Libanaise des Ciments Blancs sal - Wenesday 19 August, 2009:
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In implementation of the decision of the Ordinary General Assembly held on 23/06/2009 related to the distribution of the 2008 dividends in exchange of the Coupon Nb.4 from the shares issued on 05/01/1998, the company announces that it will start paying dividends of LBP /460/ net per share starting September 1, 2009 therefore the BSE announces that the trading with Ciments Blancs S.A.L. shares will become as follows:
1- Till the end of the trading session of Wednesday 26/08/2009:
Trading the share with Coupon Nb. 4 that means with the dividends related to the share subject to the Ordinary General Assembly decision dated 23/06/2009.
2- Starting the trading session of Thursday 27/08/2009:
Trading the share without Coupon Nb. 4 that means without the dividends related to the share subject to the Ordinary General Assembly decision dated 23/06/2009.
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· Holcim (Liban) S.A.L. – Wednesday 19 August, 2009:
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In implementation of the decision of the Ordinary General assembly held on 17/06/2009 related to the distribution of the 2008 dividends in exchange of the Coupon Nb.3 from the shares issued on 14/05/2007, the company announces that it will start paying dividends of LBP 1,285 net per share starting September 1, 2009 therefore, the BSE announces that the trading with Holcim (Liban) S.A.L. shares will become as follows:
1- Till the end of the trading session of Wednesday 26/08/2009:
Trading the share with Coupon Nb. 3 that means with the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2009.
2- Starting the trading session of Thursday 27/08/2009:
Trading the share without Coupon Nb. 3 that means without the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2009.
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· Société Libanaise des Ciments Blancs sal - Monday 17 August, 2009:
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In implementation of the decision of the Ordinary General Assembly held on 23/06/2009 related to the distribution of the 2008 dividends in exchange of coupon Nb.4 from the shares issued on 05/01/1998, the company announces that starting Tuesday September 1, 2009 the payment of the specified dividends that equal to LBP /460/ net for every share will be as follows:
- The shareholders that deposited their shares in the Lebanese banks will get their dividends through “Midclear”.
- The remaining shareholders can collect their dividends when presenting coupon Nb.4 from the company’s shares issued on 05/01/1998 to:
Banque Libano Francaise (Al Akkawi branch-Beirut and Tripoli- Al Tall branch), and that during the period starting September 1, 2009 till December 20, 2009. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.
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· Holcim (Liban) S.A.L. – Monday 17 August, 2009:
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In implementation of the decision of the Ordinary General Assembly held on 17/06/2009 related to the distribution of the 2008 dividends in exchange of the coupon Nb.3 from the shares issued on 14/05/2007, the company announces that starting Tuesday September 1, 2009 the payment of the specified dividend, that equal to LBP /1,285/ net for every share, will be as follows:
- The shareholders that deposited their shares in local banks will get their dividends through “Midclear”.
- The remaining shareholders can collect their dividends when presenting coupon Nb.3 of the company’s shares issued on 14/05/2007 to one of the following banks:
Banque Libano Francaise (Al Akkawi-Beirut and Tripoli- Al Tall branch) and Banque Societe Generale de Banque au Liban (Hamra and Tripoli branch), and that during the period starting September 1, 2009 till December 20, 2009. At the end of this period dividend payment will be executed in the company’s Head Office in Hery.
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· Circular 285/2009, Date: 12/08/2009, Listing of 5 issues of Lebanese Republic Eurobonds:
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The BSE committee decided to accept, as of Friday August 14, 2009, the listing and trading of 5 issues of Lebanese Republic Eurobonds in the official market of the stock exchange.
For more information about the details of these issues, please refer to the Laws & regulations folder- Circulars section.
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· Market Performance – July 2009:
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The month of July 2009 witnessed a modest decrease in the trading movement on the Beirut Stock Exchange. In the month’s 23 trading sessions 6.5 million shares were traded for USD 153.03 million compared to 8.8 million shares for a value of USD 174.8 million for the previous month. Cumulative trading from the beginning of the year till the end of July totaled 81.1 million shares valued at USD 629.05 million, against 36.3 million shares for a value of USD 860.96 million for the corresponding period of last year.
The stock capitalization of the listed shares increased by 2.16% at the end of July to reach USD 11557 million against USD 11313 million at the end of June 2009.
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· Beirut Preferred Fund – Thursday July 30, 2009:
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The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:
- Approve the report of the manager concerning the business of the fund from 01/01/2009 till 30/06/2009.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2009 till 30/06/2009.
- Distribute an amount of USD /1,140,146/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/01/2009 till 30/06/2009 or what equals USD /3.50/ per share. That is in addition to the amount of USD /325,756/ distributed previously to the shareholders as a prepayment on the expected profits of 2009.
- Grant full discharge to the manager in respect of his management of the fund during the period from 01/01/2009 till 30/06/2009.
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· Holcim (Liban) S.A.L. – Wednesday 22 July, 2009:
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The Ordinary General Assembly of shareholders of Holcim (Liban) S.A.L. held on June 17, 2009 will be asked to consider and vote upon the following agenda: Approve the Balance Sheet and the Profit and Loss accounts for the year 2008 and declare a dividend distribution of LBP /1,353/ gross per share. Payment is scheduled to start during September 2009. Also the Ordinary General assembly reelected some members to the Board of Directors.
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· Byblos Bank- Tuesday July 21, 2009:
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The Board of Directors of Byblos Bank S.A.L. has the pleasure to inform the signatories of the purchase applications for the series 2009 Preferred Shares which are in the process of being issued, that the Offering Circular drafted in accordance with applicable Lebanese Laws, will be available at the Bank’s Head Office and all branches, during working hours from the 20th of July 2009 until the 27th of July 2009.
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· Rasamny Younis Motor Company S.A.L. – Wednesday July 15, 2009:
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The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held in the company’s Head Office in Chiyah Boulevard / Hazmieh- Galerie Semaan region, at 5 p.m. on Tuesday August 18, 2009.
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· Solidere - Wednesday July 15, 2009:
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The Ordinary General Assembly that was held on Monday July 13th, 2009 in Biel Downtown decided to:
- Distribute dividends of USD 1.15 per share to the shareholders, as per the shareholders’ register at the General Meeting date, with distribution to take effect as of September 28, 2009.
- Approve the auditors’ report and the special report produced in accordance to articles 158 & 159 of the Code of Commerce.
- Clear the chairman and members of the board from any liability for matters relating to the company’s management in 2008.
- Nominate the auditors (Deloite & touche, Ernest & Young) to audit the company’s accounts for the next 3 years.
- Elect Mrs. Nasser El Chamma, Fadi Nabil Boustany, Maher Beydoun, Sarkis Demerjian, Joseph Asseily, Rouphael Sabbagha, Sami Nahhas, Fouad EL Khazen, Maher Daouk, Abed el Hafiz Mansour and Bassil Yared to the board of directors for a period of three years.
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· Beirut Preferred Fund – Monday July 13, 2009:
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Bank of Beirut S.A.L. as president of the General Assembly of shareholders of Beirut Preferred Fund invites the shareholders to attend the meeting of the General Assembly at 10:00 a.m. on Friday 24 July 2009 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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· Bank Audi S.A.L.- Audi Saradar Group- Friday July 10, 2009:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Monday 27/07/2009 at the Bank’s Head Office at Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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· Market Performance – June 2009:
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The month of June 2009 witnessed a rise in the trading movement on the Beirut Stock Exchange. In the month’s 21 trading sessions 8.8 million shares were traded for a value of USD 174.8 million compared with 4.5 million shares for a value of USD 70.7 million for the previous month. Cumulative trading from the beginning of the year till the end of June totaled 74.6 million shares valued at USD 476 million, against 30.6 million shares for a value of USD 689.4 million for the corresponding period of last year.
At the end of June, the stock capitalization of the listed shares increased by 22.06% to reach USD 11313 million against USD 9268 million at the end of May 2009.
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· Byblos Bank- Monday July 6, 2009:
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The shareholders of Byblos Bank SAL are invited to attend the extraordinary general assembly to be held at the Bank Head Office, in Ashrafieh, Elias Sarkis Avenue, Byblos Tower building on Saturday August 1st, 2009 at 10:00 am, in order to discuss and decide on the matters listed on the following agenda:
1- Confirmation of the redemption of the Bank's Series 2003 Preferred Shares
2- Approval of the Bank's capital increase to be carried out in two stages:
- First stage: increase of /3,051,362,800/ LBP by deducting it from the reserve allocated to the capital increase and adding it to the capital.
- Second stage: increase by issuing preferred shares subject to the provisions of Law 308/2001, and determination of the amount, terms, conditions and details of such increase.
3- Amendment of Article 6 of the Articles of Incorporation pursuant to the capital increase
4- Miscellaneous
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· Beirut Golden Income Fund – Friday July 3rd, 2009:
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Following the expiry term of Beirut Golden Income Fund, which was fixed for a period of five years starting from the date of its final constitution, the Beirut Stock Exchange decided to stop trading in the shares of the mentioned fund in its Junior Market by the end of the trading session of Tuesday 07/07/2009.
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· Beirut Golden Income Fund – Wednesday July 1st, 2009:
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By virtue of Article 18 from the Law Nb. 706/2005, Bank of Beirut S.A.L. as manager of the Beirut Golden Income fund, announces that the mentioned fund became in liquidation process following its expiry term on 13/07/2009.
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· Uniceramic – Tuesday June 29, 2009:
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The Ordinary General Assembly of Uniceramic S.A.L. took the following decisions:
1) Approve the Board of Directors’ reports relating to the activities of the company for the fiscal year 2008.
2) Approve the auditors’ reports, the accounts, balance sheet and Profit and loss accounts for the fiscal year 2008.
3) Carry forward the loss of the fiscal year 2008 to the fiscal year 2009.
4) Take notice of the resignation of Mr. Nabil Treiky, Mr. Georges Hatem and Mr. Hashem Abou Abboud from the Board of Directors, and clear the chairman and members of the Board from any liability for matters relating to the company’s management in the fiscal year 2008.
5) Appoint Mr. Farid Elias Gebran as auditor of the company for the fiscal year 2009.
6) Renew the authorizations given pursuant to the provisions of article 158 and 159 of the Code of Commerce.
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· Bank Audi S.A.L.- Audi Saradar Group- Friday June 19, 2009:
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Bank Audi S.A.L. – Audi Saradar Group’s Audited Consolidated Annual Financial Statements for the year ended 31 December 2008 (including the Auditors report and accompanying notes) are available from the address below:
The Corporate Secretary
Bank Audi S.A.L. – Audi Saradar Group
Audi Plaza – Bab Idriss
Beirut 2021 8102- Lebanon
And can be downloaded from the Company’s website at www.banqueaudi.com
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· Solidere - Friday June 19, 2009:
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The Board of Directors of Solidere suggests a dividends’ distribution of 1 USD per Class (A) or (B) share. The beneficiary will be the shareholder carrying the share as shown below:
In case there will be a quorum in the General Assembly meeting on July 13, 2009 and the dividends’ distribution was approved, dividends will be paid to the shareholder according to the shareholders’ record as at July 13, 2009.
The retroactive date for this record is July 7, 2009, meaning that the shareholder that purchases shares by July 7, 2009, his name will be mentioned in the shareholders’ record of July 13, 2009 and will benefit from the dividends’ distribution in case it were stated.
In case the quorum wasn’t reached on July 13, a meeting will be held on August 4, 2009 and in case there will be a quorum in this General Assembly meeting and the dividends’ distribution was approved, the dividends will be paid for the shareholder according to the shareholders’ record of August 4, 2009.
The retroactive date for this record is July 29, meaning that the shareholder that purchases shares by July 29, his name will be mentioned in the shareholders’ record of August 4, 2009 and will benefit from the dividends’ distribution in case it were stated.
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· Solidere - Friday June 19, 2009:
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As the Ordinary General Assembly was invited to meet for the first time on June 17, 2009 but the majority wasn’t reached, a second meeting is scheduled on July 13, 2009 in Biel Downtown at 9:30 am.
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· Circular 283/2009- Friday June 12, 2009:
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The Beirut Stock Exchange decided to accept the trading and pricing of /1,033,042/ Global Depository Receipts (Each represents 50 shares) related to Byblos Bank S.A.L. that are issued by Bank of New York – Melon on the Over The Counter Market of the BSE. Trading is scheduled to start on Thursday June 18, 2009.
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· BEMO Bank S.A.L. - Tuesday June 9, 2009:
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The Ordinary General Assembly of shareholders of BEMO Bank S.A.L. held on May 30, 2009 approved the Balance Sheet and the Profit and Loss accounts for the year 2008 and declared a dividend distribution of LBP /12,060/ per preferred share and LBP /225/ per Common share.
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· Parliamentary Elections- Monday June 8, 2009:
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Due to the upcoming parliamentary elections, there will be no trades at the Beirut Stock Exchange on Monday June 8, 2009. Trading will be resumed on Tuesday June 9, 2009. ...
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· Byblos Bank S.A.L.- Thursday May 28, 2009:
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Based on the decisions of the Board of Directors of Byblos Bank S.A.L. dated 22/05/2009 stipulating the redemption of Preferred Shares Class 2003, according to the primary issue conditions, the BSE decided to stop trading in the mentioned shares starting the end of the trading session of Wednesday May 27, 2009, and de-list these shares as of Thursday May 28, 2009.
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· Byblos Bank S.A.L.- Wednesday May 27, 2009:
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The Ordinary General Assembly for the shareholders that was held on May 22, 2009 at the Bank’s Head Office decided to distribute dividends and profits for the year 2008 as follows:
For Common Shareholders:
LBP 157.9 per share (LBP 150 Net of 5 % distribution tax)
For Priority Shareholders:
Annual interest of 4% of the nominal value of the priority shares; LBP 48 per share (LBP 45.6 Net of 5 % distribution tax)
LBP 157.9 per share (LBP 150 Net of 5 % distribution tax)
For Preferred Shareholders:
● Class 2003: USD 12 per share; LBP 18,168 (LBP 17,259.6 Net of 5 %
distribution tax)
● Class 2008: USD 3.35 per share; LBP 5.071,9 (LBP 4.818,3 Net of 5 %
distribution tax)
These amounts will be paid through Midclear starting May 29th, 2009 after deducting the 5 % distribution tax.
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· Solidere - Wednesday May 27,2009:
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The Board of Directors of Solidere invites the shareholders, carrying class A or class B shares to attend an Ordinary General Assembly to be held on Wednesday June 17, 2009 at 9:30 am in Biel Downtown.
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· Resistance and Liberation Day – Monday May 25, 2009:
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On the occasion of the Resistance and Liberation Day, there will be no trading at the Beirut Stock Exchange on Monday, May 25, 2009. Trading will be resumed on Tuesday May 26, 2009.
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· Bemo Bank SAL- Friday May 22, 2009:
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Bank Bemo S.A.L. announces that the Ordinary General Assembly held exceptionally on 10/03/2009 decided to issue subordinated loans according to the following conditions:
- Type of the bonds: Nominal.
- Par value per bond: USD /10,000/.
- Number of bonds: /4,000/.
- Interest: 7% annually paid twice: on 30 June & on 31 December of each year.
- Expiry Date: 5 years starting the activation of the bonds.
The deadline for subscription is 10 days starting May 21, 2009 and ends on May 30, 2009.
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· Circular 281/2009- Wednesday May 20, 2009:
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The BSE decided to accept the listing, trading and pricing of an additional /1,413,847/ common shares, with a par value of LBP /1,200/ per share, issued by Bank Of Beirut SAL in the official market of the stock exchange. These shares will be added to the previously listed common shares; thus the percentage of listed common shares in the mentioned market will become 33.333%, and that in addition to the total number of the bank’s preferred shares Class “C” and Class “D”, excluding Class “E”.
Trading with the mentioned shares is scheduled to start on Monday morning 25/05/2009.
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· Byblos Bank S.A.L.- Wednesday May 20, 2009:
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Byblos Bank’s Agenda for dividend distribution (Common shares, Priority shares and Preferred shares Class 2003 & 2008):
- Last Trading date to receive dividends: May 22, 2009
- Ex Dividend Date: May 25, 2009
- Record Date: May 27, 2009
- Payment Date: May 28, 2009
For GDRs:
- Last Trading date to receive dividends: May 22, 2009
- Ex Dividend Date: May 25, 2009
- Record Date: May 27, 2009
- Payment Date: June 04, 2009
(*) Same dates apply for interest payment on Priority Shares.
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· Blom Bank S.A.L.- Wednesday May 20, 2009:
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The holders of Preferred shares class 2005 are invited to an Ordinary General Meeting that will be held at 12:30 p.m. on Monday 15 June 2009 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg, to discuss the following agenda:
1) Take note of the decision of the Annual Ordinary General Assembly of BLOM Bank’s shareholders that was held on April 8, 2009 related to the distribution of 2008 dividends to the holders of Preferred shares class 2005.
2) Other Matters.
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· Blom Bank S.A.L.- Wednesday May 20, 2009:
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The holders of Preferred shares class 2004 are invited to an Ordinary General Meeting that will be held at 11:00 a.m. on Monday 15 June 2009 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg, to discuss the following agenda:
1) Take note of the decision of the Annual Ordinary General Assembly of BLOM Bank’s shareholders held on April 8, 2009 related to the distribution of 2008 dividends to the holders of Preferred shares class 2004.
2) Other Matters.
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· Circular Nb: 280/2009- Wednesday 13 May 2009:
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The BSE decided to de-list, as of the end of the trading session of Friday May 15, 2009, a Lebanese Republic Eurobond issue, worth Euro 225 million carrying an interest rate of 7.25 % as these bonds will mature on May 20, 2009.
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· Bank Audi S.A.L.- Audi Saradar Group- Monday May 11, 2009:
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The shareholders of Bank Audi S.A.L. - Audi Saradar Group attended an Extraordinary General Assembly Meeting in the Bank’s Head Office in Beirut – Lebanon on May 07, 2009 and took the following decisions:
· Approve the redemption of all Preferred shares Class “C”, as a result distribute the nominal value of the cancelled shares on the Bank’s remaining common and preferred shares and decrease the total number of shares of the bank by 4 million shares.
· Increase the Bank’s Capital; thus the par value per share becomes LBP /12,250/.
· Amend Articles 6 & 8 of the Bank’s By-Laws, so that the bank’s capital is defined by an amount of LBP /434,132,515,250/ divided into /34,189,389/ nominal common shares and /1,250,000/ nominal preferred shares class “D”.
The execution of the above decisions depends on the approval of the Central Bank.
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· Bank Bemo S.A.L.- Thursday May 07, 2009:
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The board of Directors of Bank BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held in the Head Office in Riad Al Solh- Asseily bldg- 7th Floor at 10:00 am on Saturday, May 30, 2009.
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· Société Libanaise des Ciments Blancs sal - Tuesday 05 May, 2009 :
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The Board of Directors of Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday June 23, 2009 in the premises of Holcim (Liban) S.A.L. in Antelias.
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· Bank of Beirut S.A.L.- Monday May 04, 2009:
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The Extraordinary General Assembly of Bank of Beirut that was held on April 2, 2009 decided to list on the Beirut Stock Exchange an additional /1,413,847/ common shares to be added to the previously listed common shares. In addition the extraordinary general assembly decided to list, before December 31, 2009, all the /2,400,000/ preferred shares class E, previously issued by the bank, in the official market of the stock exchange.
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· Bank of Beirut S.A.L.- Monday May 04, 2009:
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The Ordinary General Assembly of shareholders of Bank of Beirut S.A.L. held on April 02, 2009 approved the Balance Sheet and the Profit and Loss accounts for the year 2008 and declared a dividend distribution of LBP /28,030,859,375/ for the common shares and LBP /12,134,400,479/ for Preferred shares Class (C), LBP /13,567,500,000/ for Preferred shares Class (D).
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Bank of Beirut S.A.L.- Thursday April 30, 2009:
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Bank of Beirut S.A.L. invites the holders of Preferred shares Class “E” to attend an Extraordinary General Assembly meeting on Wednesday May 13th, 2009 at 4 p.m. to:
1- Draft the by-laws of the General Body of shareholders of Preferred shares “E”
2- Designate the representatives of the body Divers matters
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Bank of Beirut S.A.L.- Thursday April 30, 2009:
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Bank of Beirut S.A.L. invites the holders of Preferred shares Class “D” to attend an Extraordinary General Assembly meeting on Wednesday May 13th, 2009 at 3 p.m. to:
1- Draft the by-laws of the General body of shareholders of Preferred shares Class “D”
2- Designate the representatives of the body
3- Divers matters
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· Byblos Bank SAL – Thursday April 30, 2009:
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The holders of preferred shares of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office, Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 10:00 a.m. on Friday May 22, 2009.
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· Byblos Bank SAL – Thursday April 30, 2009:
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The shareholders of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office, Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 11:00 a.m. on Friday May 22, 2009.
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Holcim (Liban) S.A.L. – Wednesday April 29, 2009:
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The Board of Directors of Holcim (Lebanon) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 10:00 a.m. on Wednesday June 17, 2009.
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· Bank of Beirut S.A.L.- Thursday April 23, 2009:
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The Ordinary General Assembly of Bank of Beirut S.A.L. held its annual meeting on 02/04/2009 and decided to approve the Balance sheet and Income Statement and allocate the profits of the year 2008.
The Ordinary General Assembly decided to distribute dividends to the holders of common shares and preferred shares as follows:
- Common Shares: LBP 625 per share; a total of about LBP 28 billion.
- Preferred shares Class “C”: USD 8,049,343 about 11% of the issuance price
- Preferred shares Class “D”: USD 9,000,000 about 9% of the issuance price
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· Bank Audi S.A.L.- Wednesday April 22, 2009:
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The Ordinary General Assembly of Shareholders of Bank Audi S.A.L. – Audi Saradar Group convened on April 21, 2009 and resolved to (i) approve the Bank’s accounts for the year 2008 and (ii) declare a gross distribution of dividends as follows:
- To Holders of Series “C” Preferred Shares : USD 2.1875 per share
- To Holders of Series “D” Preferred Shares : USD 7.75 per share
- To Holders of Common Shares: LBP 3,400 per share
As a result of the above, the net payable amounts (after deduction of the applicable withholding tax at the rate of 5%) are as follows:
- To Holders of Series “C” Preferred Shares : USD 2.078125 per share
- To Holders of Series “D” Preferred Shares : USD 7.3625 per share
- To Holders of Common Shares: LBP 3,230 per share
Dividends will be paid through Midclear S.A.L. starting April 22, 2009 for the holders of shares as at April 16, 2009 (Record Date), according to the records of Midclear S.A.L.
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· Circular No: 279/2009- Tuesday April 21, 2009:
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Based on the decision of the Board of directors’ of Bank Audi S.A.L. – Audi Saradar group that was held on 18/11/2008 related to the redemption & cancellation of the Preferred Shares Class “C” within 5 business days following the date of the Ordinary General Assembly that will approve the accounts of the fiscal year 2008, the BSE decided the following:
1- Stop trading with Audi Preferred Shares Class “C” in the BSE by the end of the trading session of 21/04/2009.
2- Consider Tuesday 21/04/2009 as the last trading day for the shares mentioned above.
3- Cancel the mentioned shares from the listing table starting Wednesday morning, 22/04/2009 and keep on the other bank’s listings.
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· Bank Audi S.A.L.- Thursday April 16, 2009:
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Decision#5: State the repurchase of the Preferred shares class “C” on its due date according to its issuance conditions:
After discussion, the Board of Directors’ decided:
1- Redeem and cancel the Preferred Shares Class “C” within 5 business days following the date of the Ordinary General Assembly that will approve the accounts of the fiscal year 2008.
2- Specify the amount that will be added to the par value of the remaining of the bank’s shares after canceling the Preferred Shares Class “C” by LBP 1,241.56 per share, thus the par value per share will become LBP 12,241.56.
3- Suspend the execution of articles (1) & (2) till receiving the approval of the concerned monetary authorities. Mandate Dr. Georges Gedeon Achi and Mr. Samir Hanna solely to take all the necessary actions to execute the content of this decision, including the specification of the repurchasing date (Within the indicated 5 days period), and mandate them solely, in general of all the required authorizations to execute this decision, with the right to delegate others with part or total of their mandate
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· Bank Audi S.A.L.- Thursday April 16, 2009:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:30 a.m. on Thursday 07/05/2009 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, to discuss the following agenda:
1- Cancel the Preferred shares class “C” and decrease the bank’s shares by 4 million shares as a result of the cancellation operation, and subsequently increase the par value of the remaining shares.
2- Acknowledge the bank’s Capital increase by a value of LBP 229,236,250 to be deducted from the Free Reserve to round the par value of the share, and thus by increasing this value to LBP 12,250.
3- Amend the By-Laws of the bank, mainly articles 6 & 8, to reflect the changes stated above;
4- Divers matters related to the subjects mentioned above.
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· BLOM Bank S.A.L. - Thursday April 9, 2009:
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The Ordinary General Assembly of shareholders that was held on April 8th, 2009, at the Bank’s head office decided to distribute dividends related to the year 2008 as follows:
● For the holders of Preferred shares:
- Preferred shares Class 2004: 8.50 USD
- Preferred shares Class 2005: 9.50 USD
These amounts will be paid through Midclear starting 21 April 2009 and after deducting the distribution tax that is 5%.
● For the holders of common shares and GDRs:
LBP 5,500 per share, these dividends will be paid after deducting the distribution tax that is 5% to the holders of common shares through Midclear starting 22 April 2009 and to the holders of GDRs what equals LBP 5,500 in USD through its issuer Bank of New York Mellon starting 28 April 2009.
● The shares that benefit from the distribution:
In order to acquire dividends of “2008” the last trading date is 14 April 2009.
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· Bank Audi S.A.L.- Wednesday April 08, 2009:
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In its meeting held on April 2, 2009, the Board of Directors of Bank Audi S.A.L. - Audi Saradar Group resolved to propose to the Ordinary General Assembly convened to meet on April 21, 2009 the distribution of a dividend of LBP 3400 per common share. Subject to the General Assembly’s approval, such dividends will be paid (after deduction of the applicable withholding tax) on or about April 22, 2009 to holders of common shares as at April 16, 2009 (record date), according to the records of Midclear S.A.L. (The Central Depository).
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· Bank Audi S.A.L.- Friday April 03, 2009:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Ordinary General Assembly Meeting to be held at 10:30 a.m. on Tuesday April 21, 2009 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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· BLC Bank SAL –Monday March 30, 2009:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held at 11:00 am on Wednesday 08/04/2009 in the bank’s head office in Beirut – facing Palace of Justice.
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· Beirut Stock Exchange – Monday 23 March 2009:
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The BSE launched on Monday morning March 23, 2009, a new version of an advanced trading system known as NSC UNIX V3+ based on the PAM system that was developed by NYSE EURONEXT to replace the old version NSC UNIX V3 based on the TAK system which was used by the BSE from July 2003 till the end of the trading session of Friday March 20, 2009.
The new launching came after intensive preparations that the BSE made during the previous 6 months; the BSE reorganized the structure of its IT systems’ and softwares’ and upgraded its technological infrastructure and the security systems and networks of the data related to the trading system and trained the brokers’ representatives on the use of the new version.
The new system has many features; the user can store trading statements and data in an easy way and benefit from the visual and audible warning mechanism towards certain events that might be useful to him. This version has also new types of buying and selling orders and it facilitates the quick analysis of the trading data of the market in addition to many other features.
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· BSE - Job vacancy: Database Administrator – Wednesday 04 March, 2009:
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The Beirut Stock Exchange is seeking for its IT department a Database Administrator. Candidates must be Lebanese, less then 30 years old. Holder of a BS in Computer Science or Business Computer or an LT in IT – Software section or Programming & Networking, or a TS in IT – Software section or Programming & Networking. In addition to an experience testimony, or training testimony, or a certificate in one of the following fields (Any SQL service, any Oracle Data Base, Net Development), with a minimum 4 years experience (additional 4 years are needed for TS holders). Proficiency in Arabic & English (Read, write & speak). Applications should be submitted to the Civil Service Board by March 31, 2009. For more information contact the Beirut Stock Exchange, or visit the Civil Service Board’s website at: www.csb.gov.lb.
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BSE adopts a new version of the trading System – Tuesday March 17, 2009:
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The Beirut Stock Exchange decided to suspend, as of March 23, 2009, the current version of the trading system (V3) that is based on TAK application, and replace it by the new and enhanced version (V3+) based on PAM application.
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· BLOM Bank S.A.L. - Tuesday March 17, 2009:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual Ordinary General Assembly meeting that will be held at 11:00 a.m. on Wednesday April 8th, 2009 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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· Bank of Beirut S.A.L. - Tuesday March 17, 2009:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday April 2nd, 2009 at 4 p.m. to discuss the following agenda:
1- Amend the Article 1 of the 4th decision taken by the Extraordinary General Assembly that was held on 13/11/2008.
2- Divers Matters.
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· Bank of Beirut S.A.L. - Tuesday March 17, 2009:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday April 2nd, 2009 at 3 p.m.
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· BLC Bank SAL –Friday March 13, 2009:
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The Ordinary General Assembly that was held on 17/02/2009 decided to elect Mr. Nazem Khoury to the Board of Directors. Mr. Khoury’s mandate will expire at the end of the mandate of the present Board of Directors; that is when ratifying the accounts of the fiscal year 2009.
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· Holcim (Liban) S.A.L. – Monday 02 March, 2009:
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The Extraordinary General Assembly of Holcim (Lebanon) S.A.L. decided to amend Article 19 of its By-Laws and that by reducing the number of shares, that the Board of Directors members must freeze in order to insure their responsibility for the management’ business, from 30.000 old shares valued at LBP 30 million to 3.000 new shares of the same value, whereas this reduction is necessary after the decrease of the company’s Capital in the year 2007 and the decrease of the number of shares, and after increasing the par value per share from 1.000 LBP to 10.000 LBP.
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· Rasamny Younis Motor Company S.A.L. – Wednesday February 25, 2009:
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The Exceptional Ordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 30/01/2009 decided to:
1- Approve the investment project in London and authorize the decisions taken by the Board of Directors, and approve the signature and execution of all the contracts required to execute the project.
2- Ratify the insurance of Rasamny Younis Motor Company S.A.L. towards the engagement of Rymco UK against Nissan International SA according to the agreement that will be signed with this company.
3- Give the Board of Directors’ members the authorizations required for all the London investment stages according to article /158/ of the commercial law.
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· Byblos Bank SAL – Tuesday February 10, 2009:
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Byblos Bank is pleased to advise its shareholders that it has established a Global Depositary Receipt (GDR) program, with each GDR representing 50 common shares.
The purposes of the program include increasing liquidity for the shares and the GDRs taking into consideration that the bank will exercise its best endeavours to list the GDRs on the London Stock Exchange and the Beirut Stock Exchange and promote further transparency for investors. GDRs may represent up to a maximum of 23% of the Bank’s common shares.
All shareholders (other than U.S. persons) may participate in the program on a pro rata basis by exchanging shares for GDRs. Initial exchanges of shares for GDRs may be achieved at any time until 5.00 p.m., Beirut time, on 19 February 2009 without attracting the customary deposit fee of U.S. $0.05 per GDR.
Shareholders wishing to exchange their shares for GDRs should contact either Byblos Bank or their usual bank in order to submit relevant instructions no later than 16 February 2009.
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· BLC Bank SAL – Thursday February 05, 2009:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday 17/02/2009 in the bank’s head office in Beirut – facing Palace of Justice to discuss the agenda that includes one topic that is:
- Elect a new member to the Board of Directors.
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· Beirut Golden Income – Wednesday February 04, 2009:
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The General Assembly of shareholders in Beirut Golden Income took the following decisions:
- Approve the report of the manager concerning the business for the fiscal year 2008.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the fiscal year 2008.
- Distribute to shareholders an amount of LBP /4,182,000,000/ from the profits shown in the Balance Sheet and Income statement for the year 2008.
- Grant the required clearance to the Manager for the fund’s management in the year 2008.
- Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the accounts of the fund for the fiscal year 2009.
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Beirut Preferred Fund – Wednesday February 04, 2009:
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The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:
- Take note of the clarifications of the manager and his suggestion to distribute part of the fund’s revenues as an advance on the expected profits during the year 2009 and that in addition to the profits of 2008.
- Approve the report of the manager concerning the business of the fund from 01/07/2008 till 31/12/2008.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2008 till 31/12/2008.
- Distribute an amount of USD /1,303,024/ from the profit realized for the second half of 2008 in addition to an amount of USD /325,756/ as a prepayment on the expected profits of 2009 resulting from the certain and constant revenues on the assets of the fund.
- Grant the required clearance to the Manager for the fund’s management for the period from 01/07/2008 till 31/12/2008.
Renew the nomination of the manager as president of the assembly for the period from the date of this meeting till the approval of the assembly on the accounts of the fund for the fiscal year 2009.
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· Beirut Lira Fund – Monday January 26, 2009:
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The founder and manager took the following decisions:
1- Announce the end of the liquidation process of the fund following the end of its period on 26/12/2008.
2- Take into consideration Midclear’s statement and the auditors’ report- Deloitte & Touch.
3- Cancel all the fund’s shares and pay the value of these shares and the net revenues of the liquidation for shareholders, including the founder, according to their share in the fund.
4- Delegate the manager all the authorities to notify each of Central Bank of Lebanon, Midclear S.A.L. and Beirut Stock Exchange with a copy of the present minutes of meeting, and to execute transactions or sign documents concerning the liquidation of the fund, the cancellation of its shares and the distribution of its revenues.
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· World Federation of Exchanges accepts BSE as an affiliate member – Tuesday January 20, 2009:
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The World Federation of Exchanges has approved, in its Annual General Assembly meeting held in Milano-Italy on the 13th and 14th of October 2008, the Beirut Stock Exchange as a new affiliate of the Federation. Knowing that the Beirut Stock Exchange was a correspondent member of the Federation since 1997.
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· Beirut Golden Income – Friday January 16, 2009:
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Bank of Beirut (UK) Ltd invites the shareholders of Beirut Golden Income to hold a General Assembly meeting at 10:30 a.m. on Friday 30 January 2009 in Bank of Beirut bldg S.A.L., seventh floor, Riad Al Solh St
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· Beirut Preferred Fund – Friday January 16, 2009:
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Bank of Beirut S.A.L. invites the shareholders of Beirut Preferred Fund to hold a General Assembly meeting at 12:00 noon on Friday 30 January 2009 in Bank of Beirut bldg S.A.L., seventh floor, Banks St., Riad Al Solh.
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· Byblos Bank S.A.L. – Wednesday January 14, 2009:
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The Extraordinary General Assembly of Byblos Bank S.A.L. shareholders’ that was held on 01/12/2008 decided to:
- Approve the transfer of the assets and rights of the Lebanese branch of Unicredit Banca Di Roma S.P.A. and take all the debts and obligations of the bank on Byblos Bank’s behalf when the final approval decision will be taken by the Central Bank of Lebanon. It was also decided to delegate the Chairman (or someone he nominates) to take all the necessary procedures to execute the agreement signed on 23/10/2008 with the mentioned bank.
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· Byblos Bank S.A.L. – Wednesday January 14, 2009:
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The Ordinary General Assembly minutes of Preferred Shares holders issued on 29 August 2008 of Byblos Bank S.A.L. that was held on 10/11/2008 decided to:
1- Accredit the By-Laws of the assembly of shareholders.
2- Nominate Saint Joseph University, Edgard Moussa Fakhoury, Souheil Challita Matar, & Emile Rouphael Sfeir as its representatives who possess the authorities specified in the By-Laws of the shareholders.
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· Rasamny Younis Motor Company S.A.L. – Friday January 02, 2009:
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The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Exceptional Ordinary General Assembly Meeting to be held in the company’s Head Office in Boulevard Chiyah / Hazmieh- Galerie Semaan region, at 5 p.m. on Friday January 30, 2009 to discuss the following agenda:
1- Listen to the report of the Board of directors concerning the company’s investments outside Lebanon.
2- Approve these investments and ratify the business done in this matter including the guarantees given by the company.
3- Give the authorizations according to the articles 158 & 159 from the commercial law.
4- Urgent divers matters.
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· Circular 277/2008 – Tuesday December 30, 2008:
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Based on the Extraordinary General Assembly resolutions of Bank of Beirut S.A.L. held on November 13, 2008, related to the redemption of Class “B” preferred shares and to the increase of the Bank’s Capital, and based on the approval of the above resolutions by the Council of the Central Bank of Lebanon, the BSE decided to:
1- Consider Tuesday 30/12/2008 as the last trading day with Bank of Beirut S.A.L. Preferred Shares (B).
2- Stop trading with the mentioned shares through the BSE by the end of the trading session of 30/12/2008.
3- Cancel the mentioned share (Bank of Beirut Preferred B) from the list of listed securities on the BSE starting the mentioned date and continue trading with the other shares of Bank of Beirut.
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· Circular 276/2008 – Friday December 26, 2008:
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In synchronization with what is adopted in the banking sector in Lebanon, Tuesday 30/12/2008 will be considered as the last trading day in the BSE during the year 2008, whereas no trading operations will be executed on Wednesday 31/12/2008.
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· Circular 274/2008 – Thursday December 18, 2008:
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The BSE decided to accept as of December 23, 2008 the listing and trading of 12 issues of Lebanese Republic Eurobonds and that in the official market of the stock exchange.
For more information about the details of these issues, please refer to the Laws & regulations folder- Circulars section.
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· Beirut Lira Fund- Wednesday December 17, 2008
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Following the expiry date of Beirut Lira Fund, the BSE decided to stop trading in the shares of the mentioned fund by the end of the trading session of Monday December 22, 2008.
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· Eid Al Adha Holiday- Friday December 06, 2008:
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On the occasion of Eid Al Adha, there will be no trading at the Beirut Stock Exchange from Monday, December 8, 2008 till Wednesday, December 10, 2008. Trading will be resumed on Thursday December 11, 2008
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· Byblos Bank S.A.L. - Friday November 14, 2008:
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The common shareholders of Byblos Bank S.A.L. are invited to attend the Extraordinary General Assembly that will be held in the Bank’s Head Office, in Achrafieh, Elias Sarkis Avenue, at 12:00 noon on Monday December 1, 2008, to discuss the following agenda:
1- Approve the purchase of the assets, equities, liabilities and obligations of the Lebanese branch of Unicredit Banca Di Roma SpA, according to the regulations of Article 10 of Law # 192/1993.
2- Divers matters.
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BLOM Bank S.A.L. - Tuesday November 11, 2008:
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The first nine months of this year were characterized by BLOM Bank’s strong and sustained growth and unanimous recognition by all international financial institutions as the best bank in Lebanon for 2008.
January-September 2008 compared to the same period in 2007
Profits:
- Net Profits for the first nine months went up by 34% to US198 Million compared to the same period last year.
- Annualized Return on Average Equity (ROAE) attained 19% in comparison to 15% in 2007.
- Annualized Earnings per share recorded $11.24, up 43% from $7.87 in 2007.
Deposits:
Total Customers Deposits increased to US$15 Billion, up 14% from 30/09/2007.
Total Assets:
Total Assets grew to US$17.8Billion, increasing 12% from 30/09/2007.
Capitalization:
Shareholders’ equity reached US$1.43 Billion, increasing 8% from 30/09/2007 in spite of BLOM exercising in June 2008 its right to call its Preferred shares class 2002 in the amount of US$75
Million.
Liquidity:
BLOM Bank enjoys High Net Liquidity reaching 78% of deposits.
BLOM Bank Group is present in Lebanon, Syria, UK, Switzerland, Egypt, UAE, Jordan, Romania, Cyprus, Qatar (Under Establishment), Saudi Arabia (Under Establishment).
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Circular No. 273/2008 – Monday November 10, 2008:
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2008 and any other overdue fees before 31/12/2008. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either:
1. At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block A-3 4th floor – during the official office hours.
2. Or by calling the BSE administration at phone No. 01-993555, before 15/12/2008 to send one of its representatives to collect the check, against an official receipt.
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· Bank of Beirut S.A.L. -Monday November 03, 2008:
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Bank of Beirut S.A.L. announces to the owners of Preferred shares (Class B) that the Board of Directors decided in its meeting held on 28/10/2008 to repurchase, prior to maturity, all the Preferred shares (Class B), and that according to Article B-3 of Part 4 of the first decision taken by the Extraordinary General Assembly of the shareholders of Bank Beirut S.A.L. held on 12/11/2003.
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Bank Audi S.A.L.- Monday November 03, 2008:
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Bank Audi sal – Audi Saradar Group and EFG-Hermes Holding Company sae jointly announce that, in light of current financial market conditions, they have discontinued their discussions regarding a possible combination of the two institutions.
The parties confirm that they will continue their collaboration on a number of projects and activities which add value to their respective customers and shareholders base.
Bank Audi sal – Audi Saradar Group EFG- Hermes Holding Co, sae
Beirut Cairo
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· Bank of Beirut S.A.L. -Wednesday October 29, 2008:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday November 13, 2008 at 4 p.m. to study and state the following agenda:
1- Distribute a prepayment on the profits of the fiscal year 2008 specified to pay the due fixed profits for the owners of Preferred shares (category B) till the premature purchasing date. Divers matters.
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· Bank of Beirut S.A.L. -Wednesday October 29, 2008:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday November 13, 2008 at 3 p.m. to study and state the following agenda:
1- Amend the decisions taken by the Extraordinary General Assembly held on 12/11/2003 and that by stating the repurchase and early cancellation of all preferred shares (category B) issued by Bank of Beirut S.A.L., and increase the capital of the bank by transferring amounts from the Free Reserve to the Capital.
2- Amend some of the articles of the By-Laws according to the repurchase, cancellation and Capital increase mentioned above.
3- Increase Bank of Beirut’s Capital by issuing new Preferred shares (Category H), of Perpetual type, Non-cumulative returns, and define the rest of the conditions of these shares.
4- Increase the number of common shares actually listed to be traded in the financial markets.
5- Amend some articles of the By-Laws of the company according to the Capital increase and to the increase in the number of listed shares to be traded, as mentioned.
6- Diver matters
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Byblos Bank S.A.L. -Friday October 24, 2008:
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Bank Byblos S.A.L. invites the holders of preferred shares issued on 29 August 2008 to attend the meeting of the Constitutional General Assembly that will be held at 12:00 noon on Monday November 10, 2008 at the Bank’s Head Office in Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following agenda:
1- Draft the By-Laws of the assembly of holders of preferred shares issued on 29 August 2008.
2- Nominate a representative or more of the assembly
3- Divers matters.
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· Byblos Bank S.A.L. -Thursday October 23, 2008:
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Net income for the 1st nine months of 2008 increased by 30.5% to reach US$ 79.1 million at the end of September 2008 compared to US$ 60.6 million at the end of September 2007. Total assets increased by 14.5% during the 1st nine months of 2008 to reach US$ 10.86 billion at the end of September 2008 and customer deposits increased by 10.9% to reach US$ 8 billion at the end of September 2008.
Loans to deposits stood at 34% and liquidity with banks (including the Central Bank of Lebanon) represented 57% of customer deposits at the end of September 2008, both ratios indicate the high liquidity of the bank.
Total capital (tier one and tier two capital) increased by 22% during the 1st nine months of 2008 to reach US$ 1.2 billion at the end of September 2008 and represented 11% of total assets.
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· Rasamny Younis Motor Company S.A.L. - Monday October 20, 2008:
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The BSE decided to list an additional /520,000/ shares category (B) issued by Rasamny Younis Motor Company S.A.L. in the official market of the BSE. These shares will be added to the previously listed shares category (B) of the company. Thus the total number of listed shares of Rasamny Younis Motor Company in the official market becomes /10,920,000/ shares category (B) what equals to 40% of the company’s shares.
The trading with the additional mentioned shares will start on Thursday 23/10/2008.
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Circular: 271/2008, Monday October 20, 2008:
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The BSE decided to cancel temporarily the threshold for Banque Libanaise pour le Commerce, Ciments Blancs Nominal , Uniceramic Nominal and Uniceramic Bearer shares until new prices, based on actual trading transactions, are defined for the mentioned shares.
The threshold system stipulated in circular 171/2003 will be re-applied once a new price is defined for the shares.
This circular becomes effective starting 23/10/2008.
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Byblos Bank S.A.L. -Friday October 10, 2008:
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The BSE decided to accept, as of October 15, 2008, the listing, trading and pricing of all the /2,000,000/ preferred shares class 2008 issued by Byblos Bank S.A.L. in the official market of the stock exchange.
The details of the new listing are as follow:
- Value of the initial subscription per preferred share: USD /100/.
- Par value per preferred share: LBP /1,200/.
- Annual dividend per preferred share: USD /8.00/ yearly (USD 3.35 for the year 2008).
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Uniceramic S.A.L. - Wednesday October 8, 2008:
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The Beirut Stock Exchange decided, as per article 103 of the by-laws, to transfer Uniceramic Bearer Shares and Uniceramic nominal shares from the Official market to the Junior market of the Stock Exchange. This is due to the fact that both shares were non-operational for more than one year.
This circular becomes effective upon publication.
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· BLC Bank S.A.L. - Wednesday October 8, 2008:
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The Ordinary General Assembly that was held on 03/10/2008 decided to:
1- Approve the resignation of Dr. Chadi Karam from the Board of Directors and from his position and tasks as vice-chairman – General Manager of the bank. Elect Mr. Walid Ziadeh, Charles El Hajj & Raoul Nehme as new members of the Board of directors during the mandate of the current Board that ends when the accounts of the fiscal year 2009 will be approved.
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· BLC Bank S.A.L. - Wednesday September 24, 2008:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 9:00 am on Friday 03/10/2008.
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· Bank Audi S.A.L - Monday September 22, 2008:
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The BSE decided to accept the listing, trading and pricing of additional /1,287,080/ common shares issued by Bank Audi S.A.L. – Audi Saradar group- and that in the official market of the BSE. These shares will be added to the common shares listed previously in the BSE and amounting to /32,902,309/ common shares, thus the total number of common shares (34,189,389) of the bank is now listed in the mentioned market. Trading with the additional mentioned shares is scheduled to start on Thursday Morning 25/9/2008.
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Rasamny Younis Motor Co. S.A.L. – Friday September 19, 2008:
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Based on the Extraordinary General Assembly resolution of Rasamny Younis Motor Company S.A.L. that was held on 03/06/2008, concerning the distribution of free shares to the shareholders on the basis of one new share for every 20 old shares.
The company announces that the shareholders that can benefit are those from the 3 categories “A”, “B” & “C” whose names were listed in the shareholders records on 03/06/2008.
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· SOLIDERE SAL – Monday September 15, 2008:
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The Ordinary General Assembly that was held on July 7th, 2008 decided to:
Approve all the accounts of the company and the accounts of the Balance Sheet as at 31/12/2007 and the Consolidated Balance Sheet, the Income Statement and the Consolidated Income Statement and Inventory for the mentioned year.
Taking note of the accumulated profits and of the USD /155,897,109/ net income of the year, the ordinary general assembly resolves to transfer 10% of net income to legal reserve, and distribute an amount of USD /155,090,832/of the profits in the form of USD 1.00 per share to shareholders, as per the shareholders’ register at the General Meeting date, with distribution to take effect as of August 29, 2008.
Give the chairman and members of the board of directors the authorizations stipulated in Articles 158 and 159 of the Lebanese Commercial Code.
Clear the chairman and members of the board from any liability for matters relating to the company’s management in 2007.
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· Rasamny Younis Motor Co. S.A.L. – Friday September 12, 2008:
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The Extraordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 18/07/2008 decided to approve the increase of the Capital according to the conditions stated by the Extraordinary General Assembly held on 03/06/2008, and announces that the company’s capital became LBP /27,300,000,000/ divided into /27,300,000/ shares from the categories (A), (B) & (C) according to the percentages specified in Article (20) of the company’s by-laws.
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Bank Audi S.A.L- Thursday September 11, 2008:
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The Board of directors decided in his meeting that was held on 18/07/08, to elect Dr. Georges Gedeon Achi president of the board of directors and chairman of the company.
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Bank Audi S.A.L. - Monday September 08, 2008:
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The Ordinary General Assembly of shareholders decided to elect Dr. Georges Antoine Gedeon Achi to the Board of Directors, and that for the remaining period of the current Board that will terminate when the Ordinary General Assembly will discuss the accounts of the year 2009.
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Uniceramic S.A.L. – Monday August 18, 2008:
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The Ordinary General Assembly of shareholders of Uniceramic S.A.L. that was held on June 20, 2008 took the following decisions:
1) Approve the Board of Directors’ reports relating to the activities of the company for the fiscal year 2007.
2) Approve the auditor’s report, the accounts, balance sheet and Profit and loss account for the fiscal year 2007.
3) Carry forward the loss of the fiscal year 2007 to the fiscal year 2008.
4) Give full discharge to the chairman of the Board of Directors and to the members of the Board who have managed the company during the financial year 2007.
5) Appoint Mr. Farid Elias Gebran as auditor of the company for the financial year 2008.
6) Renew the authorizations given pursuant to the provisions of article 158 and 159 of the Code of Commerce.
7) Approve the granting of a subordinated loan to the company by some of its shareholders.
8) Acknowledge the accrued losses.
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· Holcim (Liban) S.A.L. – Wednesday August 13, 2008:
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The majority wasn’t reached to hold the Extraordinary General Assembly on 03/06/2008; therefore, the Board of directors invites the shareholders for the second time to attend an Extraordinary General Assembly to be held at 10:00 a.m. on Tuesday September 16, 2008 in Le Royal Hotel- Dbayeh to discuss the same agenda including one article:
- Amendment of Article 19 of the company’s By-Laws, relating to the shares given to the Board of directors’ members, in accordance to the Law, to secure their responsibility for managing the Company.
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· Byblos Bank-Wednesday August 13, 2008:
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The Board of directors of Byblos Bank S.A.L. invites the shareholders to attend the meeting of the Extraordinary General Assembly that will be held at 12:00 noon on Friday August 29, 2008 at the Bank’s Head Office in Byblos Bank Tower, Achrafieh, Elias Sarkis Avenue, to discuss the following agenda:
- Check the accuracy of the Capital increase of the Bank by issuing preferred shares.
- Check the accuracy of the liberation of the value of all issued preferred shares.
- Approve the amendment of Article 6 & 71 of the By-Laws, according to the Capital increase.
- Divers Matters.
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Bank Audi S.A.L. -Tuesday August 12, 2008:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites the shareholders to attend an Extraordinary General Assembly Meeting to be held at 10:00 a.m. on Thursday August 28, 2008 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District, to discuss the following agenda:
1- Check the accuracy of the transactions of the Capital increase decided by the General Assembly held in 08/07/2008
2- Other matters in connection with the above number 1.
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Société Libanaise des Ciments Blancs sal Monday August 04, 2008:
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In application of the decision of the Ordinary General Assembly held on 17/06/2008 to distribute the dividends of the business of the year 2007 in exchange for the coupon Nb.3 from the shares issued on 05/01/1998, the company announces that it will start paying dividends; LBP /380/ net per share starting Monday August 18.
On the other hand, the BSE announces that the trading with Ciments Blancs S.A.L. shares will become as follows:
1- Till the end of the trading session of Monday 11/08/2008 included:
Trading the share with Coupon Nb. 3 means with the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2008.
2- Starting the trading session of Tuesday 12/08/2008:
Trading the share without Coupon Nb. 3 means without the dividends related to the share subject to the Ordinary General Assembly decision dated 17/06/2008.
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· Holcim (Liban) S.A.L. – Monday 04 August, 2008:
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In implementation of the decision of the Ordinary General Assembly held on 03/06/2008 related to the distribution of the 2007 dividends in exchange of the coupon Nb.2 from the shares issued on 14/05/2007, the company announces that it will start paying dividends; LBP /1,000/ net per share, starting Monday August 18, 2008:
On the other hand, the BSE announces that the trading with Holcim (Lebanon) S.A.L. shares will become as follows:
1- Till the end of the trading session of Monday 11/08/2008 included:
Trading the share with Coupon Nb. 2 means with the dividends related to the share subject to the Ordinary General Assembly decision dated 03/06/2008.
2- Starting the trading session of Tuesday 12/08/2008:
Trading the share without Coupon Nb. 2 means without the dividends related to the share subject to the Ordinary General Assembly decision dated 03/06/2008.
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· Beirut Preferred Fund – Monday July 28, 2008:
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The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:
- Approve the report of the manager concerning the business of the fund from 01/01/2008 till 30/06/2008.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2008 till 30/06/2008.
- Distribute an amount of USD /1,140,146/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/01/2008 till 30/06/2008 or what equals USD /3.50/ per share. That is in addition to the amount of USD /824,162.68/ distributed previously to the shareholders as a prepayment on the expected profits during 2008.
- Clear the Manager for the fund’s management for the period from 01/01/2008 till 30/06/2008.
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Beirut Lira Fund – Monday July 28, 2008:
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The General Assembly of shareholders in Beirut Lira Fund took the following decisions:
Approve the report of the manager concerning the business of the fund from 01/01/2008 till 30/06/2008.
- Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/01/2008 till 30/06/2008.
- Distribute to shareholders an amount of LBP /1,292,500,000/ from the profits shown in the Balance Sheet and Income statement for the period from 01/01/2008 till 30/06/2008 or what equals LBP /4,700/ per share.
- Clear the Manager for the fund’s management for the period from 01/01/2008 till 30/06/2008.
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· Al Mawarid Financial services S.A.L. – Friday July 25 2008:
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The BSE asks the public to take notice that the name of Al Mawarid Financial services S.A.L. has been changed to A.M. Financials S.A.L. – Lebanon and that the moral personality has stayed the same despite this amendment.
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· Bank Audi S.A.L. -Friday 25 July, 2008:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend a General Assembly Meeting to be held at 10:30 a.m. on Monday August 11, 2008 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
The agenda is as follows:
- Election of a new Board member
- Other matters in connection with the above number 1.
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· Beirut Lira Fund – Wednesday July 23, 2008:
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The General Assembly that was held on Friday July 18th, 2008 ratified a dividend distribution of LBP 4,700 per share to shareholders as specified by Midclear on the record date of 17/07/2008.
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· Beirut Preferred Fund – Wednesday July 23, 2008:
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The General Assembly that was held on Friday July 18th, 2008 ratified a dividend distribution of USD 3.50 per share to shareholders as specified by Midclear on the record date of 17/07/2008.
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· Beirut Global Income Fund – Tuesday July 22, 2008:
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Following the expiry term of Beirut Global Income Fund, which was fixed for a period of five years starting from the date of its final constitution, the Beirut Stock Exchange decided to stop trading in the shares of the mentioned fund by the end of the trading session of Monday 28/7/2008.
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· Beirut Global Income Fund – Monday July 21, 2008:
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Bank of Beirut S.A.L. as manager of the Beirut Global Income fund announces that the mentioned fund became in liquidation process following its expiry term on 31/07/2008.
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Beirut Preferred Fund – Friday July 11, 2008:
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Bank of Beirut S.A.L. invites the shareholders of Beirut Preferred Fund to hold a General Assembly meeting at 12:30 p.m. on Friday 18 July 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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Beirut Lira Fund – Friday July 11, 2008:
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Bank of Beirut (UK) Ltd invites the shareholders of Beirut Lira Fund to hold a General Assembly meeting at 12:00 p.m. on Friday 18 July 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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· SOLIDERE SAL – Thursday July 10, 2008.
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The Ordinary General Assembly of Solidere sal held on July 07, 2008 approved the balance sheet and the profit and loss accounts for the year 2007 and declared a dividend distribution of USD 1 per share for shareholders on records as per the shareholders’ register at the general meeting date. The aforementioned dividends will be paid starting August 29, 2008.
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· Byblos Bank S.A.L. - Monday July 07, 2008:
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The shareholders of Byblos Bank S.A.L. are invited to attend the meeting of the Extraordinary General Assembly that will be held at 12:00 noon on Friday July 18, 2008 at the Bank’s Head Office in Achrafieh, Elias Sarkis Avenue, Byblos Bank Tower to discuss the following agenda:
1) Increase the bank’s capital by issuing preferred shares compliant to the regulations of Law # 308/2001 and indicate the value, conditions, regulations and details of this increase.
2) Amend article 6 and others of the company’s by-laws according the capital’s increase and issuance of the preferred shares.
3) Divers matters.
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· Bank Audi Saradar-Thursday July 03, 2008:
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The Ordinary General Assembly of shareholders of Bank Audi S.A.L. - Audi Saradar held on April 23, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of: USD 2.1875 per share for Preferred Shares Class “C”, USD 7.75 per share for Preferred Shares Class “D”, LBP 3,015 per share for Common Shares.
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• Bank of Beirut S.A.L. - Wednesday July 02, 2008:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Wednesday July 23, 2008 at 3 p.m. to study and state the following agenda:
1- Amend the decisions taken by the Extraordinary General Assembly held on 24/04/2008 related to the increase in the Bank’s Capital.
2- Amend some of the articles of the By-Laws as presented previously
3- Divers Matter
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Société Libanaise des Ciments Blancs sal – Tuesday July 01, 2008:
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The Ordinary General Assembly of shareholders of Ciments Blancs S.A.L. held on June 17, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of LBP /380/ net per share. Also the Ordinary General assembly reelected Mr. Bou Haroun to the Board of Directors.
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Holcim (Liban) S.A.L. – Tuesday July 01, 2008:
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The Ordinary General Assembly of shareholders of Holcim (Liban) S.A.L. held on June 03, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of LBP /1,053/ gross per share. Also the Ordinary General assembly reelected some members to the Board of Directors.
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· Bank Audi Saradar-Friday 20 June, 2008:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend an Extraordinary General Assembly Meeting to be held at 10:00 a.m. on Tuesday July 08, 2008 at the Bank’s Head Office located at Audi Plaza, Bab Idriss, Beirut Commercial Central District in order to examine the following agenda:
1- To approve the increase of the Bank’s capital by up to LL 15,331,239,000 through the issuance of up to 1,393,749, ordinary shares reserved to the owners of stock options who have exercised their options;
2- To amend the Bank’s By-Laws, in particular articles 6 and 8, and other articles of said By-Laws in connection with item 1 above;
3- Other matters relating to items 1 and 2 above
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BLOM Bank S.A.L. - Monday June 18, 2008:
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The BSE decided to accept the listing, trading and pricing of an additional /14,333,333/ common shares, of LBP /10,400/ par value per share, related to BLOM Bank S.A.L. in the Official market of the stock exchange. Trading is scheduled to start on Friday June 20, 2008.
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Rasamny Younis Motor Co. S.A.L. – Friday June 17, 2008:
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The Board of directors of Rasamny Younis Motor Company S.A.L. is pleased to announce to the shareholders that the Annual Ordinary General assembly held on 03/06/2008 decided to distribute dividends for the fiscal year 2007 by an amount of LBP /60/ per share. These dividends are subject to distribution tax. The distribution begins on Tuesday 17/06/2008 as follows:
1- In the company’s head office for shareholders carrying categories “A” & “C”.
2- Through Midclear S.A.L. for shareholders carrying category “B”.
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Rasamny Younis Motor Co. S.A.L. – Friday June 17, 2008:
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The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held in the company’s Head Office in Chiyah / Galerie Semaan, at 5 p.m. on Friday July 18, 2008 to discuss the following agenda:
1- Check the validity of the Capital increase of the company according to the conditions stated by the Extraordinary General Assembly held on 03/06/2008.
2- Amend Article 10 of the company’s by-laws.
3- Divers matters
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· The Lebanese Company for the Development and Reconstruction of Beirut Central District s.a.l (Soli
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The Ordinary General Assembly was invited to meet for the first time on June 13, 2008 but the majority wasn’t reached so a second meeting was decided on July 7, 2008.
In consequence Solidere’s board of directors invites the shareholders of both shares’ Classes (A) & (B) to attend an Ordinary General Assembly Meeting that will be held on Monday July 7, 2008 at 9:30 am in Biel, Downtown.
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Rasamny Younis Motor Co. S.A.L. – Friday June 13, 2008:
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The Ordinary General Assembly of shareholders of Rasamny Younis Motor Co. S.A.L. held on June 03, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of LBP /60/ per share. Also the Ordinary General assembly elected Mr. Fayez Kamil Rasamny as a new member to the Board of Directors.
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· Rasamny Younis Motor Co. S.A.L. – Friday June 13, 2008:
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The Extraordinary General Assembly of shareholders of Rasamny Younis Motor Company S.A.L. held on 03/06/2008 decided to:
1- Increase the company’s Capital from LBP /26,000,000,000/ to LBP /27,300,000,000/ and issue new shares from the categories (A), (B) & (C), with a par value per share LBP /1,000/ to be distributed as follows: 1 new share for every 20 old shares of the same category.
2- Amend Article 10 of the company’s By-Laws.
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· Byblos Bank S.A.L. - Friday June 13, 2008:
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The Ordinary General Assembly of shareholders of Byblos Bank S.A.L. held on May 14, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution (net of 5% distribution tax) of LBP /17,259.6/ per preferred share, LBP /150/ per priority share in addition to LBP /45.6/ as 4% interest of the par value of the share, LBP /150/ per Common share. Also the Ordinary General assembly approved the nomination of Semaan Gholam & Co. and Ernst & Young as auditors for the fiscal year 2008.
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Uniceramic – Wednessday June 11 2008:
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On 20/05/2008 the Board of Directors of Uniceramic S.A.L. decided to postpone the meeting of the Ordinary General Assembly that was supposed to be held on 27/05/2008 to Friday 20/06/2008 at 10:00 am in the company’s head office in Chebrekieh Tabet.
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· The Lebanese Company for the Development and Reconstruction of Beirut Central District s.a.l (Soli
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The Board of Directors of Solidere suggests the distribution of dividends with an average amount of 1 USD per Class (A) or (B) share. The beneficiary will be the shareholder carrying the share as shown below.
In case there will be a quorum in the General Assembly meeting on June 13, 2008 and the dividends’ distribution was approved, dividends will be paid to the shareholder according to the shareholders’ record as at June 13, 2008.
The retroactive date for this record is June 10, meaning that the shareholder that purchases shares by June 9, his name will be mentioned in the shareholders’ record of June 13, 2008 and will benefit from the dividends’ distribution in case it were stated.
In case the quorum wasn’t reached on June 13, a meeting will be held on July 7, 2008 and in case the quorum will be reached in this General Assembly meeting and the dividends’ distribution was approved, the dividends will be paid for the shareholder according to the shareholders’ record of July 7, 2008.
The retroactive date for this record is July 2, meaning that the shareholder that purchases shares by July 1, his name will be mentioned in the shareholders’ record of June 7, 2008 and will benefit from the dividends’ distribution in case it were stated.
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BEMO Bank S.A.L. - Friday June 06, 2008:
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Based on the Extraordinary General Assembly resolutions of BLOM Bank S.A.L. held on 08/05/2008 related to the redemption of Class 2002 Preferred shares, and the Capital increase of the Bank, and as per the approval of the Council of the Central Bank of Lebanon on the above resolutions, the BSE decided to:
1- Consider Tuesday June 03, 2008 as the last trading day with BLOM Bank SAL Preferred shares Class 2002.
2- Stop the trading with the mentioned shares through the BSE when the trading session of June 03, 2008 will end.
3- Cancel the mentioned share from the list of listed shares on the BSE as per the mentioned date and continue the trading normally with the rest of BLOM Bank shares.
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BLOM Bank S.A.L. - Monday June 02, 2008:
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Based on the Extraordinary General Assembly resolutions of BLOM Bank S.A.L. held on 08/05/2008 related to the redemption of Class 2002 Preferred shares, and to the increase of the Bank’s capital, and based on the approval of the above resolutions by the Council of the Central Bank of Lebanon, the BSE decided to:
1- Consider Tuesday June 03, 2008 as the last trading day with BLOM Bank SAL Preferred shares Class 2002.
2- Stop the trading with the mentioned shares through the BSE when the trading session of June 03, 2008 will end.
3- Cancel the mentioned share from the list of listed shares on the BSE as per the mentioned date and continue the trading normally with the rest of BLOM Bank shares.
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The Lebanese Company for the Development and Reconstruction of Beirut Central District s.a.l
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Solidere’s board of directors invites the shareholders of both shares’ Classes (A) & (B) to attend an Ordinary General Assembly Meeting that will be held on Friday June 13, 2008 at 9:30 am in Biel Downtown.
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· Société Libanaise des Ciments Blancs sal- Monday May 19, 2008
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The Board of Directors of Ciments Blancs S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 10:00 am on Tuesday June 17, 2008 in the premises of Holcim (Liban) S.A.L. in Antelias.
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Byblos Bank S.A.L. – Monday May 19, 2008
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The Ordinary General Assembly of shareholders that was held on May 14, 2008, at the Bank’s Head Office decided to distribute dividends and profits for the year 2007 as follows: For Common Shareholders: ● LBP 157.9 per share (LBP 150 Net of distribution tax 5%) For Priority Shareholders: ● 4% Annual interest rate of the nominal value of the priority shares; LBP 48 per share (LBP 45.6 Net of distribution tax 5%) ● LBP 157.9 per share (LBP 150 Net of distribution tax 5%) For Preferred Shares holders: ● USD 12 per share equals LBP 18,168 (LBP 17,259.6 Net of distribution tax 5%) These amounts will be paid through Midclear starting May 20th, 2008 after deducting the distribution tax 5%.
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· Byblos Bank S.A.L. – Friday May 16, 2008
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Byblos Bank’s Agenda for dividend distribution (all categories of shares)
Last Trading Date to receive dividends: May 14, 2008
Ex-Dividend Date: May 15, 2008
Record Date: May 19, 2008
Payment Date: May 20, 2008
N.B.: Same dates apply for interest payment on Priority shares
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Holcim (Liban) sal – Tuesday May 6, 2008
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The Board of Directors of Holcim (Lebanon) S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 12 noon on Tuesday June 3, 2008 to discuss the following agenda:
1- Amendment of Article 19 of the company’s By-Laws, concerning the shares given to the members of the Board of Directors, according to the Law, to secure their responsibility about their management of the company.
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· Holcim (Liban) sal – Tuesday May 6, 2008
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The Board of Directors of Holcim (Lebanon) S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held in Le Royal Hotel – Dbayeh, at 10:00 a.m. on Tuesday June 3, 2008.
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Bank of Beirut S.A.L. - Wednesday April 30, 2008
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The Ordinary General Assembly of shareholders of Bank of Beirut S.A.L. held on April 24, 2008 approved the Balance Sheet and the Profit and Loss accounts for the year 2007 and declared a dividend distribution of LBP /22,330,000,000/ for the common shares and LBP /5,949,303,525/ for Preferred shares Class (A), LBP /3,640,612,500/ for Preferred shares Class (B), LBP /8,803,800,000/ for Preferred shares Class (C), LBP /1,598,363,055/ for Preferred shares Class (D). Also the Ordinary General assembly elected new Board of Directors.
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Rasamny Younis Motor Co. S.A.L. – Wednesday April 30, 2008
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The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Annual Ordinary General Assembly Meeting to be held in the company’s Head Office in Chiyah Boulevard / Hazmieh- Galerie Semaan region, at 4 p.m. on Tuesday June 3, 2008.
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Rasamny Younis Motor Co. S.A.L. – Wednesday April 30, 2008
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The Board of directors of Rasamny Younis Motor Company S.A.L. invites the shareholders to attend an Extraordinary General Assembly Meeting to be held in the company’s Head Office in Chiyah Boulevard / Hazmieh- Galerie Semaan region, at 5 p.m. on Tuesday June 3, 2008 to discuss the following agenda: - Increase the company’s Capital from LBP 26 Billion to LBP 27,300,000,000 by transferring LBP 1,300,000,000 from the Free Reserve to the Capital , issuing new shares with a par value of LBP 1,000 , and distributing these shares to shareholders. - Amend Article 10 of the By-Laws in accordance with the Capital Increase - Divers Matters
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· BEMO Bank S.A.L. - Tuesday April 29, 2008:
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The board of Directors of Bank BEMO S.A.L. invites the shareholders to attend the Annual General Assembly Meeting that will be held in Achrafieh- Elias Sarkis Avenue- BEMO bldg at 10:00 am on Saturday, May 17, 2008.
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· Byblos Bank S.A.L. - Tuesday April 29, 2008:
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The holders Preferred shares issued on 30/05/2003 of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office in Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 11:00 a.m. on Wednesday May 14, 2008.
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· Byblos Bank S.A.L. - Tuesday April 29, 2008:
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The shareholders of Byblos Bank S.A.L. are invited to attend the meeting of the Annual Ordinary General Assembly that will be held at the Bank’s Head Office in Achrafieh, Byblos Bank Tower, Elias Sarkis Avenue, at 12:00 on Wednesday May 14, 2008
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· Bank Audi Saradar-Thursday April 24, 2008:
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On April 23, 2008, the General Assembly of Bank Audi S.A.L. – Audi Saradar Group convened in the company’s Head Office and approved the accounts of the bank for the year 2007. It also approved dividend distribution as follows:
- For holders of Preferred shares “C”: USD 2.1875 per share
- For holders of Preferred shares “D”: USD 7.75 per share
- For holders of Common Shares :LBP 3015 per share
After deducting the distribution tax 5% the following amounts will be paid:
- For holders of Preferred shares “C”: USD 2.078125 per share
- For holders of Preferred shares “D”: USD 7.3625 per share
- For holders of Common Shares : LBP 2,864.25 per share
The dividends will be paid through Midclear starting 06/05/2008 for the shareholders on records as at 05/05/2008 (Record Date).
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· BLC Bank S.A.L. - Thursday April 10, 2008:
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The Ordinary General Assembly that was held on 19/03/2008 decided to:
● Approve the private and public reports of the board of directors. ● Give the authorizations stipulated in Articles 158 & 159 of the Lebanese Commercial Law and Article 152 of the Cash and Credit Law. · Approve the following accounts after reviewing the accounts for the year 2007 and the income statement: - The profits of the bank reached LBP /25,932,454,000/ - Deduct 10% of the net profits to constitute the legal reserve - Deduct the amount of LBP /3,252,492,000/ specified for the General Banking Risks. - Deduct LBP /141,991,166/ to cover the Reserve for the value of the Lands taken to recover the Bank’s debts.
· Specify yearly allocations for every member of the Board of Directors. · Clear the present and previous Chairman and members of the Board of Directors for their business for the financial year 2007. · Elect the new shareholder Mr. Maurice Sehnaoui member in the current Board of Directors during its mandate that ends when the accounts for the year 2009 will be approved.
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BLOM Bank S.A.L. - Thursday April 10, 2008:
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The Board of Directors of BLOM Bank S.A.L. announces to the shareholders that the Annual Ordinary General Assembly that was held on 9 April 2008 in the bank’s Head Office decided to distribute revenues and dividends related to the year 2007 as follows:
● For the Preferred shares owners: - Preferred shares Class 2002: 15 USD - Preferred shares Class 2004: 8.50 USD - Preferred shares Class 2005: 9.50 USD
These amounts will be paid through Midclear Company starting 17 April 2008 and after deducting the distribution tax that is 5%.
● For the owners of common shares and GDRs: LBP 5,500 per share, these dividends will be paid after deducting the distribution tax that is 5% to the owners of common shares through Midclear Company starting 18 April 2008 and to the owners of GDRs what equals LBP 5,500 in USD through its issuer Bank of New York Mellon starting 24 April 2008.
● The shares that benefit from the distribution: In order to acquire revenues of 2007 the last trading date is 14 April 2008.
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· BLOM Bank S.A.L. - Thursday April 10, 2008:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Extraordinary General Assembly meeting that will be held at 12:00 noon on Thursday 8 May 2008 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the following agenda:
1- Decide in the subject of recovering and cancellation of Preferred shares Class 2002 issued by the bank. 2- Increase the Capital of the bank as soon as the Preferred Shares Class 2002 are recovered and cancelled and take all the necessary procedures related to this subject. 3- Amend Article 6 from the Bank’s by-Laws. 4- New issues that may come up.
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· Bank of Beirut S.A.L. - Wednesday April 9, 2008:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday, April 24, 2008 at 4 p.m. to study and state the following agenda:
1- Increase the capital of Bank of Beirut S.A.L.
2- Amend some of the articles of the By-Laws as presented previously Divers Matter
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· Bank of Beirut S.A.L. - Wednesday April 9, 2008:
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Ordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Thursday, April 24, 2008 at 3 p.m.
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Byblos Bank S.A.L. - Friday April 4, 2008:
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The Beirut Stock Exchange decided to list an additional /12,088,834/ common shares issued by Byblos Bank S.A.L. on the official market of the Beirut Stock Exchange, these shares will be added to the bank’s shares listed previously as 100% in the official market.
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Bank Audi Saradar-Friday April 04, 2008:
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The Board of Directors of Bank Audi S.A.L. - Audi Saradar Group invites all holders of ordinary shares to attend a General Assembly Meeting to be held at 10:30 a.m. on Wednesday April 23, 2008 at the Bank’s Head Office, Audi Plaza, Bab Idriss, Beirut Commercial Central District.
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BLOM Bank S.A.L. - Tuesday March 25,, 2008:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Extraordinary General Assembly meeting at 12:00 noon on Wednesday 9 April 2008 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg. to discuss the following agenda:
1- List the rest of the common shares of the Bank in the financial markets. 2- Amend the By-Laws according to previous, mainly Articles 6 & 13. 3- New issues that may come up.
The shareholders may be informed 15 days before the date of the assembly on the reports and documents in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg during office hours.
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BLOM Bank S.A.L. - Tuesday March 25, 2008:
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The Board of Directors of BLOM Bank S.A.L. invites the shareholders to attend the Annual General Assembly meeting at 11:00 a.m. on Wednesday 9 April 2008 in the Head Office, Beirut, Verdun, President Rashid Karameh St, BLOM Bank S.A.L. bldg.
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Societe Financiere du Liban – Tuesday March 25, 2008:
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Societe Financiere du Liban stopped as per its request on practicing its activity as a broker in the Beirut Stock Exchange starting Tuesday 25/03/2008.
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Bank Audi S.A.L. – Tuesday March 18, 2008
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Bank Audi S.A.L. – Audi Saradar Group announces that it is holding exploratory discussions with EFG-Hermes Holdings sae regarding a possible combination of the two institutions which, if it takes place, may generate significant commercial and financial synergies.
Bank Audi S.A.L. emphasizes that discussions are at a very preliminary stage, that no agreement has been reached, that such agreement would be conditional upon obtaining necessary shareholder and regulatory approvals, including the consent of the Central Bank of Lebanon.
A further announcement will be made in due course.
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BLOM Bank S.A.L. – Thursday March 13, 2008:
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Following the death of the representative of the holders of Preferred shares assembly class 2002 of BLOM Bank S.A.L. Mr. Hussein Ali Hobballah, God’s Mercy, and following the By-Laws of the holders of Preferred shares, the holders of Preferred shares class 2002 are invited to an Exceptional General Assembly Meeting that will be held at 11:00 am on Friday April 4, 2008 in BLOM Bank S.A.L. head office, Beirut, Verdun, President Rachid Karameh St, BLOM Bank S.A.L. bldg to discuss the following agenda:
1- Elect a president for the Assembly of Preferred shareholders class 2002
2- New issues that may come up.
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BLOM Bank S.A.L. – Thursday March 13, 2008:
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Following the death of the representative of the holders of Preferred shares class 2005 of BLOM Bank S.A.L. Mr. Hussein Ali Hobballah, God’s Mercy, and following the By-Laws of the holders of Preferred shares, the holders of Preferred shares class 2005 are invited to an Exceptional General Assembly Meeting that will be held at 12:00 noon on Friday April 4, 2008 in the BLOM Bank S.A.L. head office, Beirut, Verdun, President Rachid Karameh St, BLOM Bank S.A.L. bldg to discuss the following agenda:
1- Elect a president for the Assembly of Preferred shareholders class 2005
2- New issues that may come up.
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· BLC Bank S.A.L. – Thursday February 28, 2008:
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The Board of Directors of the BLC Bank S.A.L. invites the shareholders to attend an Ordinary General Assembly Meeting to be held at 5:00 pm on Wednesday 19/03/2008.
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Byblos Bank – Monday February 19, 2008:
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The Extraordinary General Assembly of Byblos Bank S.A.L. that was held on 24/01/2008 took the following decisions: · Increase the Bank’s Capital from LBP /494,456,935,200/ to LBP /508,963,536,000/, by issuing /12,088,834/ new common shares with a par value of LBP /1,200/ per share. The new shares will have the same rights and obligations of the common shares, and are appropriated for the subscription to the Bank of New York. · Amend Article 6 of the By-Laws. Note that the above mentioned amendments will not become effective until the Central Bank of Lebanon approve them.
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Beirut Preferred Fund – Monday February 19, 2008:
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The General Assembly of shareholders of Beirut Preferred Fund took the following decisions:
· Approve the report of the manager concerning the business of the fund from 01/07/2007 till 31/12/2007. · Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2007 till 31/12/2007. · Distribute an amount of USD /153,105.32/ from the profits shown in the Balance Sheet and Income Statement for the period from 01/07/2007 till 31/12/2007 or what equals USD /3.00/ per share. That is in addition to the amount of USD /977,268/ distributed previously to the shareholders as a prepayment on the expected profits during 2007. · Clear the Manager for the fund’s management for the period from 01/07/2007 till 31/12/2007 2007. · Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.
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E-Trading – Wednesday February 13, 2008:
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The BSE decided to allow the use of E-Trading on the BSE via the internet and that exclusively through the authorized brokers at the BSE. The Brokers will have to develop their systems and websites in a way to allow their agents to place their purchasing or selling orders of the financial instruments listed on the BSE on the mentioned website, and to allow the transfer of these orders to the BSE trading system through the connection mechanisms used between the BSE and the brokers
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Beirut Global Income – Tuesday February 12, 2008:
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The General Assembly of shareholders in Beirut Global Income took the following decisions:
· Approve the report of the manager concerning the business for the fiscal year 2007 · Approve the Auditors’ reports and the Balance Sheet and Income Statement of the fund for the fiscal year 2007. · Approve the previous decision taken by the General Assembly that was held on 05/04/2007 concerning the distribution of USD /1,190,000/ for shareholders as a prepayment on the expected profits. It was also decided to distribute for shareholders an extra amount of USD /850,000/ from the profits shown in the Balance Sheet and Income statement for the year 2007 or what equals USD /2.50/ per share. · Clear the Manager for the fund’s management for the year 2007. · Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.
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Beirut Lira Fund – Tuesday February 12, 2008:
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The General Assembly of shareholders in Beirut Lira Fund took the following decisions:
· Approve the report of the manager concerning the business of the fund from 01/07/2007 till 31/12/2007. · Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the period from 01/07/2007 till 31/12/2007. · Distribute for shareholders an extra amount of LBP /1,383,250,000/ from the profits shown in the Balance Sheet and Income statement for the period from 01/07/2007 till 31/12/2007 or what equals LBP /5,030/ per share. · Clear the Manager for the fund’s management for the period from 01/07/2007 till 31/12/2007 2007. · Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.
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Beirut Golden Income – Tuesday February 12, 2008:
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The General Assembly of shareholders in Beirut Golden Income took the following decisions:
· Approve the report of the manager concerning the business for the fiscal year 2007. · Approve the Auditors’ report and the Balance Sheet and Income Statement of the fund for the fiscal year 2007. · Distribute for shareholders an extra amount of LBP /4,182,000,000/ from the profits shown in the Balance Sheet and Income statement for the year 2007 or what equals LBP /10,200/ per share. · Clear the Manager for the fund’s management for the year 2007. · Renew the nomination of the founder as president of the assembly from the date of this meeting till the date of the approval of the General Assembly on the transactions of the fund for the fiscal year 2008.
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Beirut Preferred Fund – Tuesday February 12,2008:
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The General Body of shareholders of Beirut Preferred Fund held on February 8, 2008 ratified a dividend distribution of USD 3 per share for shareholders on the record date of February 7, 2008.
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BLC Bank S.A.L. - Friday February 8, 2008:
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The Ordinary General Assembly that was held on 31/01/2008 decided to:
- Approve the Reports of the Board of Directors and that of the Auditors.
- Give the authorizations stated in Articles 158 & 159 of the Commercial Law, and in Article 152 of the Cash and Credit Law.
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Bank of Beirut S.A.L. - Friday February 8, 2008:
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The Ordinary General Assembly of Bank of Beirut that was held exceptionally on January 28, 2007 decided to:
Distribute an advance on the profits of the fiscal year 2007 to pay the due dividends to the owners of preferred shares Class (A) & (B), thus appropriating an amount equal to in USD /3,946,470/ for preferred shares class (A) and USD /2,415,000/ for preferred shares class (B); the distribution tax must be deducted.
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BLOM Bank S.A.L. - Friday January 25, 2008:
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“BLOMINVEST Saudi Arabia” has acquired a CMA License to establish a corporation specialized in investment operations in Saudi Arabia.
The company’s capital is SR100 million.
Mr. Abdullah Bin Abdellatif Al Fozan, Chairman of Al-Fozan Holding, is expected to be the Chairman of BLOMINVEST Saudi Arabia. Mr. Saad Naaman Azhari, currently Chairman and General Manager of BLOM Bank SAL, is to be the Vice Chairman of the BLOMINVEST Saudi Arabia.
BLOMINVEST Saudi Arabia’s head office will be based in Riyadh, and will have the right to open other branches in the Kingdom when needed.
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Beirut Lira Fund - Friday January 25, 2008:
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Bank of Beirut (UK) Ltd as president of the General Assembly mentioned above invites the shares’ owners in Beirut Lira Fund to hold a meeting of the General Assembly at 11:30 a.m. on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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Beirut Golden Income - Friday January 25, 2008:
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Bank of Beirut (UK) Ltd as president of the General Assembly mentioned above invites the shares’ owners in Beirut Golden Income to hold a meeting of the General Assembly at 12:00 noon on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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Beirut Preferred Fund - Friday January 25, 2008:
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Bank of Beirut S.A.L. as president of the General Assembly mentioned above invites the shares’ owners in Beirut Preferred Fund to hold a meeting of the General Assembly at 01:30 p.m. on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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Beirut Global Income - Friday January 25, 2008:
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Bank of Beirut (UK) Ltd as president of the General Assembly mentioned above invites the shares’ owners in Beirut Lira Fund to hold a meeting of the General Assembly at 11:30 a.m. on Friday 8 February 2008 in Bank of Beirut bldg S.A.L., fourth floor, Riad Al Solh St.
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Bank of Beirut-Wednesday January 23, 2008:
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The BSE decided to accept the listing, trading and pricing of all of preferred shares Category (D) issued by Bank of Beirut S.A.L. in the official market of the BSE, that means listing of /4,000,000/ Preferred share Category (D). The details of the listing and trading are as follows: - Type of shares subject of the listing: Preferred share non cumulative perpetual redeemable shares. - Number: /4,000,000/ Preferred share - Category: Preferred listed shares Category (D) - Issuance price per preferred share: USD /25/ - Par value per preferred share: LBP /1,000/ - Annual Dividend per preferred share: 9% of the issuance price with conditioned due date and payment as stated in Annex No.2.
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Byblos Bank-Monday January 21, 2008:
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The shareholders of Byblos Bank S.A.L., owners of Common shares (Including owners of Priority shares) are invited to attend the meeting of the Extraordinary General Assembly that will be held at the Bank’s Head Office in Beirut, Achrafieh, Elias Sarkis Avenue, on Thursday, February 07, 2008, at 12:00 noon in order to deliberate and take decisions in the subjects listed in the following agenda:
1) Verification of the issuance and liberation of the Capital increase.
2) Final approval on the amendment of Article 6 of the By-Laws according to the Capital increase.
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Banque Libanaise pour le Commerce- Monday January 21, 2008:
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The Board of Directors of the BLC Bank S.A.L. convened on 22/12/2007 invites the shareholders to attend an Ordinary General Assembly Meeting at 11:00 AM on Thursday 31/01/2008 at the Bank’s Head Office in Beirut, facing Palace of Justice.
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Byblos Bank -Tuesday January 8, 2008:
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The shareholders of Byblos Bank S.A.L., owners of Common shares (Including owners of Priority shares) are invited to attend the meeting of the Extraordinary General Assembly that will be held at the Bank’s Head Office in Beirut, Achrafieh, Elias Sarkis Avenue, on Thursday, January 24, 2008, at 1:00 p.m. in order to deliberate and take decisions in the subjects listed in the following agenda: 1- Increase the Capital of Byblos Bank S.A.L. by transferring the resulting amounts from the Subordinated loan dated 20/11/2007, by execution of the decision of the Extraordinary General Assembly dated 09/11/2007. 2- Amend Article 6 from the By-laws according to the Capital Increase. 3- Divers Matters
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Bank of Beirut -Friday january 4, 2008
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Monday, January 28, 2008 at 3 p.m. to study and state the following agenda:
1- Distribute an advance on the profits of the fiscal year 2007 that will be appropriated in total to pay the due dividends to the owners of Preferred Shares (Class A) & (Class B).
2- Divers matters
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Bank of Beirut -Friday January 4, 2008
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The shareholders of Bank of Beirut S.A.L. are invited to attend an Extraordinary General Assembly meeting in the Head Office, Foch St, Downtown Beirut on Monday, January 28, 2008 at 4 p.m. to study and state the following agenda:
1- Transfer number of Preferred shares (Class A) issued by the Extraordinary General Assembly of Bank of Beirut S.A.L. held on 02/12/2002 to common shares, repurchase and cancel another number of these shares and distribute their nominal value on the rest of the Bank’s shares. Increase the Bank of Beirut S.A.L. capital by transferring amounts from the Free Reserve to the Capital.
2- Amend Articles 7 & 8 of the company’s By-Laws
3- Divers Matters
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2007 Last Trading Day -Friday December 28, 2007
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In synchronization with what is adopted in the banking sector in Lebanon, Friday 28/12/2007 will be considered as the last trading day in the BSE during the year 2007, whereas no trading operations will be executed on Monday 31/12/2007...
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Bank Audi Saradar-Thursday November 29, 2007
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The Beirut Stock Exchange committee decided to approve, as of December 03, 2007, the listing, trading and pricing of the /4,000,000/ preferred shares (class C) issued by Bank Audi SAL – Audi Saradar Group on the official market of the stock exchange.
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Bank Audi Saradar-Thursday November 29, 2007
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The Beirut Stock Exchange committee decided to approve, as of December 03, 2007, the listing, trading and pricing of the /1,2500,000/ preferred shares (class D) issued by Bank Audi SAL – Audi Saradar Group on the official market of the stock exchange
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Bank Audi Saradar-Thursday November 29, 2007
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The Beirut Stock Exchange decided to approve the listing, trading and pricing of an additional /136,069/ common shares related to Bank Audi SAL – Audi Saradar Group, on the official market of the Stock Exchange. Thus the bank’s total number of common shares amounted to /32,902,309/ are listed on the official market of the BSE.
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Listing of an additional USD Treasury Bond - Tuesday November 20, 2007
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The Beirut Stock Exchange decided to approve, as of November 21, 2007, the listing and trading of an additional USD treasury bond issue on the official market of the Stock Exchange. The new issue maturing in June 2013, for an amount of USD /400/ million and an 8.625% interest rate.
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Circular No. 252/2007 - Friday November 09, 2007
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The Beirut Stock Exchange reminds all Lebanese Joint Stock Companies – SAL – (including holding and off-shore companies) with capital above five hundred thousand Lebanese pounds by virtue of article 3 of the legislative decree No. 120/83 and by virtue of article 197 of the by-laws of the Beirut Stock Exchange, implemented by decree No. 7667 dated 16/12/1995, which consider these companies members in the Stock Exchange. Consequently, every member is incumbent to an annual membership fee equivalent to USD /100/ (One hundred USD) in Lebanese Pounds.
The Beirut Stock Exchange requests all members to settle their annual fee for the year 2007 and any other overdue fees before 30/12/2007. Every member who fails to pay the due annual fees shall pay a fine equivalent to five fold the membership fee, as per article 198 of the by-laws. Members abiding by the content of this circular within the time limit specified above will be exempted from the default fine. Payment should be done by submitting a check to the order of Beirut Stock Exchange either:
1. At the head office of the Beirut Stock Exchange-Azarieh Street, Azarieh Bldg. Block A-3 4th floor – during the official office hours.
2. Or by calling the BSE administration at phone No. 01-993555, before 15/12/2007 to send one of its representatives to collect the check, against an official receipt.
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Beirut Interbank Fund - Wednesday October 31, 2007
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Following the expiry term of Beirut Interbank Fund, which is fixed for a period of five years starting from the date of its final constitution, the Beirut Stock Exchange decided to stop trading in the shares of the mentioned fund by the end of the trading session of Wednesday, October 31, 2007.
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Rasamny Younes Motor Co. SAL - Saturday October 20, 2007
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The Beirut Stock Exchange decided to approve the listing of an additional /400,000/ class “B” common shares related to Rasamny Younis Motor Co. S A L, on the official market of the Stock Exchange. Thus the Company’s total number of listed shares on the BSE amounted to /10,400,000/ class “B” Common shares.
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Financial Funds Advisors International SAL- Tuesday July 31, 2007
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Financial Funds Advisors International sal (an authorized broker at the BSE since 1996) has been transformed from a financial institution into a specialized bank, with a capital of LBP /17,000,000,000/. FFAI will operate under a new denomination: FFA Private Bank sal.
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Beirut Lira Fund – Friday July 27, 2007
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The General Body of shareholders of Beirut Lira Fund held on July 27, 2007 ratified a dividend distribution of LBP 5,100 per share for shareholders on the record date of July 26, 2007.
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Rasamny Younis Motor Co. sal – Monday July 16, 2007
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The Extraordinary General Assembly of shareholders of Rasamny Younis Motor Co. held on July 16, 2007 resolved to raise the capital of the company from LBP 25 billion to LBP 26 billion by: Transferring LBP 1 billion from the free reserve to the capital, and by issuing new shares from the three categories to be distributed one share for each 25 shares from the same category
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Societe Libanaise des Ciments Blancs sal- Wednesday June 27, 2007
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The Ordinary General Assembly of Shareholders of Societe Libanaise des Ciments Blancs sal held on June 27, 2007 approved the balance sheet and the profit and loss accounts for the year 2006 and declared a dividend distribution of LBP /315.8/ per share; LBP /300/ net of distribution tax.
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Holcim (Liban) sal – Wednesday June 06, 2007
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The Ordinary General Assembly of Shareholders of Holcim (Liban) sal held on June 06, 2007 approved the balance sheet and the profit and loss accounts for the year 2006 and declared a dividend distribution of LBP /1368.4/ per new share; LBP /1299.98/ net of distribution tax. The aforementioned dividends will be distributed starting November 1, 2007 against coupon number one. Therefore, starting October 29, 2007, trading on the company’s shares will be without coupon number 1.
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SOLIDERE SAL - Friday June 22,2007
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The Ordinary General Assembly of Solidere sal held on June 22, 2007 approved the balance sheet and the profit and loss accounts for the year 2006 and declared a dividend distribution of USD 1 per share for shareholders on records as per the shareholders’ register at the general meeting date. The aforementioned dividends will be paid starting September 14, 2007.
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HOLCIM Liban sal - Tuesday June 19, 2007
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Based on the extraordinary general assembly resolutions of Holcim (Liban) sal dated June 22, 2006 concerning the 1 for 12 stock split and the reduction of the company’s capital from LBP 234,192,509,000 to LBP 195,160,400,000 by reducing the par value of the new share from LBP 12,000 to LBP 10,000. The Beirut Stock Exchange has decided on the following:
- Suspend the trading of the company’s current share as of the end of the trading session of Friday June 22, 2007.
- Resume trading on the new share as of the beginning of the trading session of Monday June 25, 2007.
- Fix the Theoretical Opening Price of the new share to be as follows : closing price at June 22, 2007 * 12 - 1.33
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BLC Bank SAL- Wednesday June 13, 2007
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The Beirut Stock Exchange decided to approve the listing of an additional 17,155,000 common shares related to BLC Bank SAL, on the official market of the Stock Exchange. Thus the bank’s total number of common shares listed on the BSE amounted to 50,900,000
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Beirut Preferred Fund - Monday May 28, 2007
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The General Body of shareholders of Beirut Preferred Fund held on May 28, 2007 ratified a dividend distribution of USD 3 per share for shareholders on record as of May 25, 2007
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Banque BEMO SAL Saturday May 19, 2007
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The Ordinary General Assembly of Banque BEMO SAL held on May 19, 2007 approved the report of the board of directors, and all the elements of the balance sheet and the profit and loss accounts for the year 2006 and granted the required clearance to the board of directors for their management of the bank in the year 2006. The general assembly also ratified dividend distribution as follows:
- LBP 12060 per share; LBP 11457 net of distribution tax for shareholders carrying preferred shares.
- LBP 200 per share; LBP 190 net of distribution tax for shareholders carrying common shares.
In addition the general assembly elected Mrs.: Henri Y. Obegi, Dr. Ara Hrechdakian, Sheikh Issam M. Kabbani, Jean V. Hajjar, Saudi French Bank, Georges B. Obegi, Riad B. Obeigi, and Emir Karim S. Abillama’a to the board of directors
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Byblos Bank SAL - Thursday May 10, 2007
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The Ordinary General Assembly of shareholders of Byblos Bank sal held on May 10, 2007 ratified dividend distribution as follows:
- USD 11.4 per share (net of distribution tax) for shareholders carrying preferred shares.
- LBP 195.6 per share (net of distribution tax) for shareholders carrying priority shares .
- LBP 150 per share (net of distribution tax) for shareholders carrying common shares
The aforementioned dividends will be paid by Midclear starting May 16, 2007.
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Bank Audi sal Audi Saradar Group - Wednesday April 18, 2007
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The Ordinary General Assembly of shareholders of Bank Audi sal Audi Saradar Group held on April 18, 2007 approved the accounts of the bank for the year 2006, and ratified dividends distributions as follows:
- USD 3 per share for shareholders carrying preferred shares (category A); USD 2.85 net of distribution tax.
- USD 2.1875 per share for shareholders carrying preferred shares (category C); USD 2.078125 net of distribution tax.
- USD 7.75 per share for shareholders carrying preferred shares (category D); USD 7.3625 net of distribution tax.
- LBP 2638.125 per share for shareholders carrying common shares; LBP 2506.21875 per share net of distribution tax.
The aforementioned dividends will be paid by Midclear starting April 25, 2007 for shareholders as at April 18, 2007 (last trading date to receive dividends).
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Banque BEMO SAL - Wednesday April 18, 2007
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The Beirut Stock Exchange committee decided to approve, as of April 23, 2007, the listing, trading and pricing of the /200,000/ preferred shares (class 2006) issued by Banque BEMO SAL on the official market of the stock exchange
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BLOM Bank s a l - Thursday April 12, 2007
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The Ordinary General Assembly of shareholders of BLOM Bank sal held on April 12, 2007 ratified dividends distributions as follows:
- USD 15 per share for shareholders carrying preferred shares (Category 2002); USD 14.25 net of distribution tax.
- USD 8.5 per share for shareholders carrying preferred shares (Category 2004); USD 8.075 net of distribution tax.
- USD 9.5 per share for shareholders carrying preferred shares (Category 2005); USD 9.025 net of distribution tax.
- LBP 5000 per share for shareholders carrying common shares or GDRs; LBP 4750 net of distribution tax.
Note that April 16, 2007 is the last trading date to receive the “2006” dividends.
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Beirut Global Income - Thursday April 5, 2007
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The General Body of shareholders of Beirut Global Income held exceptionally on April 5, 2007 ratified a dividend distribution of USD 3.5 per share for shareholders on record on April 03, 2007
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Bank Of Beirut sal - Wednesday April 4, 2007
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The Ordinary General Assembly of shareholders of Bank Of Beirut sal held on April 04, 2007 approved the reports of the board of directors and all the elements of the balance sheet and profit and loss accounts of the year 2006, granted the required clearance to the board of directors for their management of the bank in the year 2006, and ratified a dividend distribution of LBP 450 per share for shareholders carrying common share; LBP 427.5 per share net of distribution tax, and USD 2 for shareholders carrying preferred shares (Category C); USD 1.9 net of distribution tax. Furthermore, The Ordinary General Assembly of shareholders held on February 07, 2007 ratified dividends distribution for shareholders as follows:
- USD 0.88 per share for shareholders carrying preferred shares (Category A); USD 0.836 net of distribution tax. - USD 0.805 per share for shareholders carrying preferred shares (Category B); USD 0.76475 net of distribution tax.
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Beirut Interbank Fund - Friday February 2, 2007
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The General Body of shareholders of Beirut Interbank Fund held on 02/02/2007 ratified a dividend distribution of USD 5.75 per share for shareholders of record on February 02, 2007.
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Beirut Lira Fund - Friday February 2, 2007
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The General Body of shareholders of Beirut Lira Fund held on 02/02/2007 ratified a dividend distribution of LBP 5,020 per share for shareholders of record on February 02, 2007.
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Beirut Global Income - Friday February 2, 2007
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The General Body of shareholders of Beirut Global Income held on 02/02/2007 ratified a dividend distribution of USD 2.54 per share for shareholders of record on February 02, 2007.
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Beirut Golden Income - Friday February 2, 2007
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The General Body of shareholders of Beirut Golden Income held on 02/02/2007 ratified a dividend distribution of LBP 10,200 per share for shareholders of record on February 02, 2007.
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Bank Audi SAL - thursday January 18, 2007
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The Beirut Stock Exchange decided to approve the listing of /142,370/ GDRs related to Bank Audi SAL – Audi Saradar Group, on the official market of the Stock Exchange. Thus the bank’s total number of listed GDRs on the BSE amounted to /9,829,902/ GDRs.
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